LT Elevator Ltd

L.T. Elevator Limited, formerly L.T. Elevator Private Limited, informed the Bombay Stock Exchange on October 9, 2026, that it has confirmed the listing of securities on stock exchanges and the mutilation and cancellation of security certificates received for dematerialization during the quarter ended September 30, 2026, in accordance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, based on a certificate from Cameo Corporate Services Limited, its Registrar and Transfer Agent (RTA).

L.T. Elevator Limited announced that its board of directors approved the allotment of 4,61,000 equity shares on a preferential basis for consideration other than cash, which involved a swap of the entire equity share capital of Ricardo Elevators Private Limited. The shares were allotted to Ms. Muralidharan Akshaya, Ms. Chandrakala Kallepelli, Ms. Prathyusha Peddeham, and Ms. Deepika Hemnani, increasing the company's issued and paid-up equity share capital to Rs 21,72,41,330 consisting of 2,17,24,133 equity shares of Rs 10 each, with an issue price of Rs 281.86 per share.

L.T. Elevator Limited informed the Bombay Stock Exchange that trading in the company's securities, scrip code 544518, will be closed for directors, officers, designated employees, and their immediate relatives from October 1, 2026, until 48 hours after the declaration of the unaudited standalone and consolidated financial results for the half year ended September 30, 2026.

L.T. Elevator Limited is acquiring 100% ownership of Ricardo, a Hyderabad-based company engaged in the elevator and lift systems business, for up to Rs 12.99 crores. The acquisition will be financed through a preferential issue of up to 4,61,000 equity shares at a price of Rs 281.86 per share to Muralidharan Akshaya, Chandrakala Kallepelli, Prathyusha Peddeham, and Deepika Hemnani. Ricardo reported a turnover of Rs 4.04 crores in fiscal year 2025 and Rs 12.08 crores in fiscal year 2026. Simultaneously, L.T. Elevator Limited appointed M/s A. Singhi & Co as internal auditor and M/s. Himanshu S K Gupta & Associates as secretarial auditor, both for the financial year 2026-27, during a board meeting on August 13, 2026.

L.T. Elevator Limited will seek shareholder approval for a proposed issuance of equity shares or other eligible securities through a preferential issue or other permissible mode at an extraordinary general meeting or annual general meeting, the company said in a filing with the Bombay Stock Exchange on Thursday, August 13, 2026.

L.T. Elevator Limited (BSE: 544518) announced it has executed a Share Purchase Agreement to acquire DYPC Inc. (Dongyang PC Inc.), Seoul, South Korea, a manufacturer of automated mechanical car parking systems, marking the company’s entry into global automated parking technology. The acquisition, expected to strengthen L.T. Elevator’s technological capabilities and expand its international presence, will also contribute Rs 30 crore in revenue for the remainder of the fiscal year, with DYPC bringing an order book of approximately Rs 65 crore and a bid pipeline of Rs 700 crore.

L. T. Elevator announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 13 June 2026.

L. T. Elevator will hold a meeting of the Board of Directors of the Company on 20 May 2026.

L. T. Elevator will hold a meeting of the Board of Directors of the Company on 11 November 2025.Powered by Capital Market - Live

The scrip was listed at Rs 136.10, a premium of 74.49% over the initial public offer (IPO) price. The stock is currently up 2.06% over its listing price. The counter hit a high of Rs 142.50 and a low of Rs 131.15. About 26.10 lakh shares of the company changed hands at the counter. L. T. Elevator's IPO was subscribed 170.21 times. The issue opened for bidding on 12 September 2025 and it closed on 16 September 2025. The price of the IPO was fixed between Rs 76 to Rs 78 per share. The IPO comprised a fresh issue of 50,48,000 equity shares. Ahead of the IPO, L. T. Elevator on 12 September 2025, raised Rs 11.20 crore from anchor investors. The board allotted 14.36 lakh shares at Rs 78 each to 5 anchor investors. The company intends to utilize the net proceeds from the IPO for funding its working capital requirements, investment in its subsidiary Park Smart Solutions and general corporate purposes. L. T. Elevator is a full-service elevator solutions provider specializing in manufacturing, installation, commissioning, and servicing through annual maintenance contracts, while also offering EPC and O&M services. With modular designs, advanced engineering, energy-efficient systems, and 24x7 service support, the company emphasizes safety and reliability, backed by a 12-month quality guarantee from commissioning. Its subsidiary, Park Smart Solutions, focuses on turnkey execution of automatic multi-level car parking systems, handling design, engineering, supply, installation, commissioning, and ongoing maintenance. As of 31 March 2025, the company had 319 employees on payroll. The company recorded revenue from operations of Rs 56.52 crore and net profit of Rs 8.94 crore for the year ended 31 March 2025. Powered by Capital Market - Live