L. T. Elevator Allots 4.61 Lakh Shares on Preferential Basis

L. T. Elevator Ltd announced the outcome of its Board Meeting held on October 9, 2026. The Board approved the allotment of 4,61,000 equity shares on a preferential basis for consideration other than cash, specifically as a swap for the entire equity share capital of Ricardo Elevators Private Limited. The new equity shares were allotted to four individuals: Ms. Muralidharan Akshaya (46,100 shares), Ms. Chandrakala Kallepelli (1,84,400 shares), Ms. Prathyusha Peddeham (46,100 shares), and Ms. Deepika Hemnani (1,84,400 shares). The issue price per equity share was ₹281.86. This allotment increases the company's issued and paid-up equity share capital to ₹21,72,41,330, comprising 2,17,24,133 equity shares of ₹10 each. The newly allotted shares rank pari passu with existing equity shares.