L. T. Elevator Ltd

L. T. Elevator Ltd announces Ricardo Elevators' expansion plans, targeting 40 customer touchpoints by the end of 2026. This includes new Experience Centres in Lucknow and Jammu, regulatory approval in Australia, and expansion across Malaysia. Ricardo Elevators aims to broaden its presence in both domestic and international markets, leveraging experience centers and country partnerships to enhance customer engagement and drive revenue growth. The company has 21 operational experience centers across India, with 3 more in the pipeline.

L. T. Elevator Ltd reports no deviations or variations in the utilization of IPO proceeds for the half year and year ended March 31, 2026. The company raised ₹3937.44 Lakhs through its IPO, with proceeds allocated to working capital, general corporate purposes, investment in subsidiary Park Smart Solutions, and public issue expenses. As of March 31, 2026, the funds have been utilized in accordance with the objects stated in the Prospectus dated September 17, 2025.

L. T. Elevator Ltd has announced that an Extra Ordinary General Meeting (EGM) of the shareholders will be held on Saturday, June 13, 2026, at 11:00 AM (IST) via Video Conference/Other Audio-Visual Means. The meeting will address the increase in authorized share capital and alteration of the capital clause of the Memorandum of Association, as well as alteration of the Articles of Association of the Company.

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.

The Board of Directors of L.T. Elevator Limited has approved a resolution to raise funds not exceeding ₹50,00,00,000 (Rupees Fifty Crores only), inclusive of premium, in one or more tranches. This decision is subject to shareholder approval at a General Meeting / Postal Ballot and other applicable statutory/regulatory approvals. The funds will be raised through the issuance of securities, with the type of securities and issuance method to be determined at a later stage. The board has authorized the management to explore and finalize the appropriate mode(s), identify investors, and determine pricing as per SEBI ICDR Regulations.

L. T. Elevator Ltd has scheduled a Board of Directors meeting on May 20, 2026, to consider and approve proposals for fund raising. The fund raising may involve issuing equity shares, equity-linked instruments, convertible preference shares, warrants, or other eligible securities through private placement, QIPs, public issue, or other permissible modes. The trading window for dealing in the company's securities will be closed from May 15, 2026, until 48 hours after the board meeting's conclusion.

L.T. Elevator Ltd (BSE: 544518) announced its FY26 results, marking its first full financial year post-BSE SME listing. The company's topline revenue crossed ₹111 crore, a 97% year-on-year growth from FY25's ₹56.5 crore. FY26 also marks the first time the company's revenue has crossed ₹100 crore. The company's order book exceeds ₹250 crore. The merger with Ricardo Elevators is underway, with its financials expected to reflect in L.T. Elevator's consolidated numbers from FY27. Phase 1 of a ₹343 crore multi-level car parking project in Shillong has been completed.

L. T. Elevator Ltd has approved the audited standalone and consolidated financial statements for the year ending March 31, 2026, during its Board Meeting held on May 8, 2026. The board also reviewed the Independent Auditors’ Report on the company's financial statements issued by M/s. KSA & Co, Chartered Accountants.

L. T. Elevator Ltd has approved the audited standalone and consolidated financial statements for the financial year ended March 31, 2026, during its Board Meeting held on May 8, 2026. The board meeting commenced at 19:30 P.M and concluded at 20:45 PM. The approved financial results include the Statement of Assets and Liabilities, Profit and Loss statement, and cashflow statement for the financial year ended March 31, 2026. The Independent Auditors’ Report on the financial statements was issued by M/s. KSA & Co, Chartered Accountants.

L. T. Elevator Ltd has announced that its Board of Directors will convene on May 8, 2026. The primary agenda for this meeting is to consider and approve the Standalone and Consolidated Audited Financial Results for the quarter and financial year ended March 31, 2026. Additionally, the Board will address any other matters with the Chair's permission. In compliance with SEBI regulations, the trading window for the company's securities is closed for designated persons and their immediate relatives, and will reopen 48 hours after the financial results are declared.