Appointment of Cameo Corporate Services Limited (CCSL) as our Security Transfer Agent (STA). It is further informed that CCSL was appointed as our RTA before listing. So basically it is ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
At a board meeting on 13 October 2025, L.T. Elevator Limited approved an investment of ₹8,00,00,127.76 into its wholly-owned subsidiary Park Smart Solutions Ltd by subscribing to 11,82,734 equity shares at ₹67.64 each (face value ₹10, premium ₹57.64). The funds will come from the company's recent IPO proceeds (Prospectus dated 17 September 2025) and will be used for the subsidiary's working capital needs. Park Smart Solutions is in the multi-level car parking business and has shown strong growth, with standalone turnover rising from ₹7.44 crore in FY23 to ₹30.44 crore in FY25, and net profit of ₹3.81 crore in FY25. The transaction qualifies as a material related party transaction at 14.62% of the listed entity's consolidated turnover. Separately, the board appointed Cameo Corporate Services Limited as the company's Share Transfer Agent, effective the same day.
This is essentially the company deploying freshly raised IPO money into its profitable, fast-growing subsidiary as previously disclosed, so no surprise for shareholders. However, because it is a material related party transaction involving promoter-linked entities, it will need shareholder approval. The STA appointment is routine and unlikely to affect the stock.