StockWatch
·
Industrial Products
Corporate Action27 Jul 2026, 09:10 pm

L.T. Elevator Allots 21.00 Lakh Equity Shares & 5.32 Lakh Warrants

AI Summary

L.T. Elevator Ltd's Board of Directors, in a meeting on July 27, 2026, approved the preferential allotment of 21,00,078 equity shares for cash at ₹188 per share. Additionally, 5,31,914 fully convertible warrants were allotted on a preferential basis at ₹188 per warrant, with 25% of the issue price paid upfront. This corporate action increases the company's issued and paid-up equity share capital to ₹21,26,31,330, comprising 2,12,63,133 equity shares of ₹10 each. The newly allotted shares will rank pari passu with existing equity shares.

Key Highlights

  • Board approved preferential allotment of 21,00,078 equity shares.
  • 5,31,914 fully convertible warrants also allotted preferentially.
  • Issue price for both shares and warrants is ₹188 each.
  • Paid-up equity capital increased to ₹21.26 crore.
  • Allottees include Bandhan Small Cap Fund and Motilal Oswal.