L. T. Elevator Ltd

L.T. Elevator Limited has commenced construction of its Integrated Manufacturing Facility in West Bengal, with a Bhoomi Pujan ceremony held on July 13, 2026. The facility is slated for commissioning in Q4 FY27 and is expected to increase manufacturing capacity by approximately 2.5 times. This expansion aims to consolidate manufacturing, sourcing, and execution, reduce lead times, improve cost efficiency, and enhance the company's ability to undertake larger institutional and government projects. The facility will house state-of-the-art machinery and is projected to have a peak revenue potential of ₹400 crore, with an annual capacity for 2,500 elevator units and 8,000 car parking spaces upon full ramp-up. The land parcel is designed for future brownfield expansion.

L. T. Elevator Limited announced the appointment of Mr. Parthiv Rameshbhai Pansuriya as Company Secretary and Compliance Officer, effective June 25, 2026. The Board of Directors also approved the appointment of M/s. Himanshu SK Gupta & Associates as the Secretarial Auditor for the financial year 2025-26. These decisions were made during a board meeting held on June 25, 2026. The filing provides detailed disclosures regarding these appointments as per SEBI regulations.

L. T. Elevator Ltd has appointed EquiBridgeX Advisors Private Limited as its Investor/PR Representative (IPR) effective June 12, 2026. This strategic move aims to enhance the company's investor relations and public relations framework. EquiBridgeX will manage communication with investors and analysts, support information dissemination, handle queries, and improve the company's visibility and engagement with the investment community. The appointment underscores L. T. Elevator's commitment to transparency and strong stakeholder engagement.

L. T. Elevator Ltd has issued a corrigendum to its Extra-Ordinary General Meeting (EGM) notice dated May 22, 2026. The EGM, scheduled for June 13, 2026, will address changes to the preferential issue. Specifically, Rainbow Agri Commodities Pvt. Ltd. has been replaced by Resource Vincom Private Limited as the proposed allottee of 26,596 equity shares. This change impacts disclosures regarding the allottee's identity, shareholding, and ultimate beneficial owners. The corrigendum forms an integral part of the original notice.

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.