L. T. Elevator to Raise ₹50 Cr via Preferential Issue

L. T. Elevator Ltd's board approved raising up to ₹50 Crores through a preferential issue, in accordance with the Companies Act, 2013 and SEBI regulations. The board also approved increasing the authorized equity share capital from ₹20 Crore to ₹22 Crore, subject to shareholder approval. Additionally, amendments to the Articles of Association were approved to allow for the issuance of convertible warrants or securities. The company will issue up to 21,27,563 equity shares at ₹188 each and up to 5,31,914 convertible warrants at ₹188 each, subject to shareholder approval. An EOGM will be held on June 13, 2026, to approve these matters.