L. T. Elevator Ltd

L. T. Elevator Ltd has filed its Annual Report for the Financial Year 2025-2026, in compliance with SEBI regulations. The report will be presented for approval at the company's 18th Annual General Meeting (AGM) scheduled for Wednesday, September 9, 2026, at 2:00 PM, to be conducted via Video Conference/Other Audio Visual Means (VC/OAVM). The report includes sections on General Information, Board's Report, Secretarial Audit, Management Discussion and Analysis, and detailed financial statements (standalone and consolidated). Key personnel, statutory and internal auditors, and registered office details are provided. The company is listed on the Bombay Stock Exchange (SME Exchange).

L. T. Elevator Ltd has announced its 18th Annual General Meeting (AGM) will be held on Wednesday, September 9, 2026, at 02:00 PM IST. The meeting will be conducted through Video Conference/Other Audio-Visual Means. Key agenda items include the adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026, the re-appointment of Mrs. Usha Gupta, and special business concerning an increase in authorized capital and alteration of the Memorandum of Association. Additionally, the company will consider the issue of equity shares for consideration other than cash through a preferential issue, as part of the proposed acquisition of Ricardo Elevators Private Limited via a share swap.

L. T. Elevator Ltd's Board of Directors has approved the discontinuation of the proposed merger with Ricardo Elevators Private Limited and will instead pursue an acquisition of 100% equity shareholding of Ricardo. This will be executed through a share swap, involving a preferential issue of up to 4,61,000 equity shares of face value Rs. 10 each at an issue price of Rs. 281.86 per share. The total consideration for the preferential issue amounts to approximately ₹12.99 crore, to be discharged through shares other than cash. This strategic shift aims for greater flexibility and efficiency in achieving the company's objectives.

L. T. Elevator Limited's Board of Directors has approved the acquisition of 100% equity shareholding of Ricardo Elevators Private Limited through a share swap. This decision follows the discontinuation of a proposed merger between the two entities. The company will issue up to 4,61,000 equity shares at an issue price of Rs. 281.86 per share, totaling an aggregate consideration of approximately Rs. 12.99 crore, discharged through a preferential issue for consideration other than cash. This strategic shift aims to expedite the transaction and gain complete ownership and control of Ricardo Elevators.

L. T. Elevator Ltd announced its participation in the Alpha Ideas SME Stars 2026 event, held on September 6, 2026. The event included one-to-one meetings at Pracharya B.N. Vaidya Sabhagriha in Mumbai. Mr. Yash Gupta, Non-Executive Director, attended the meeting. The company explicitly stated that no Unpublished Price Sensitive Information (UPSI) was shared or discussed during the interactions.

L. T. Elevator Ltd has announced a board meeting scheduled for August 13, 2026. The primary agenda items include considering and approving a proposal for the issuance of equity shares or other eligible securities through permissible modes like preferential issue. The board will also decide on the issue price and fix the date for an Extra Ordinary General Meeting (EGM) or Annual General Meeting (AGM) to seek shareholder approval for the fund-raising proposal. Additionally, the trading window for designated persons will be closed from the notice date until 48 hours after the outcome disclosure.

L.T. Elevator Limited has signed a Share Purchase Agreement to acquire DYPC Inc. (Dongyang PC Inc.), a South Korean manufacturer of automated mechanical car parking systems. This strategic move aims to enhance L.T. Elevator's technological capabilities, expand its international presence, and bolster its growth in the automated parking solutions sector. DYPC Inc. brings proprietary SMART PARKING® technology, a global distribution network, and a significant order book, including an ₹8 Cr order from the USA, marking L.T. Elevator's entry into the US market. The acquisition is expected to contribute ₹30 Cr in revenue with industry-leading margins for the remainder of the fiscal year. L.T. Elevator also announced its home elevator business has achieved ₹100 Crore ARR.

L. T. Elevator Limited has announced a preferential allotment of equity shares to Bandhan Small Cap Fund. The acquisition, dated July 27, 2026, results in Bandhan Small Cap Fund holding 10,80,000 equity shares, representing 5.08% of the total share capital and 4.95% of the total diluted share capital of L. T. Elevator. This disclosure is made under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The total equity share capital of L. T. Elevator before the acquisition was 91,63,055 shares, increasing to 1,02,43,055 shares after the allotment.

Bandhan Small Cap Fund has acquired a 5.08% stake in L. T. Elevator Limited through a preferential allotment dated July 27, 2026. The acquisition involves 10,80,000 equity shares, representing 5.08% of the total share capital and 4.95% of the total diluted share capital. This disclosure is made under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. L. T. Elevator Limited is listed on the BSE SME Exchange.

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.