L. T. Elevator: No Deviation in IPO/Preferential Issue Fund Use

L. T. Elevator Limited has filed a statement confirming no deviation or variation in the utilization of funds raised from its Initial Public Offer (IPO) and a recent Preferential Issue for the half-year ended September 30, 2026. The IPO, which raised ₹3937.44 Lacs (₹39.37 Crore) on September 17, 2025, saw utilization for Working Capital Requirement (₹1338.17 Lacs), General Corporate Purpose (₹583.27 Lacs), Investment in Subsidiary Company Park Smart Solutions Limited (₹800.00 Lacs), and Public Issue Expenses (₹533.56 Lacs). The Preferential Issue, raising ₹4198.15 Lacs (₹41.98 Crore) on July 27, 2026, allocated funds for capital expenditure (₹1000 Lacs), inorganic growth opportunities (₹2756.73 Lacs), general corporate purposes (₹193.73 Lacs), and allotment expenses (₹247.69 Lacs). All funds have been utilized as per the stated objects, with no significant unutilized amounts remaining for the preferential issue objects, and a portion remaining for working capital and general corporate purposes from the IPO.