Announced Fri, 9 Oct, 2026 · 17:50 IST

Board okays 4.61 lakh shares via swap for Ricardo Elevators acquisition

Board & Shareholder Meetings View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

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₹327.95

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.8%+1.1% vs market

Industrial Products peers, median of 135sector+0.0%+2.0% vs sector

On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and 2.0 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+2.0+0.8+1.1+0.0+2.0

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+2.1+1.0+1.1+0.3+1.8

+4.3+1.7+2.5+0.2+4.0

+6.3+0.1+6.3-0.6+6.9

+4.2+0.8+3.4-0.4+4.7

+2.5-0.9+3.4-1.7+4.2

+1.8-4.5+6.3-5.5+7.4

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Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board of L.T. Elevator approved allotment of 4,61,000 equity shares on October 9, 2026, at about Rs. 281.86 per share including about Rs. 271.86 premium, worth roughly Rs. 12.99 crore. Consideration is through share swap with owners of Ricardo Elevators Private Limited. Paid-up equity capital rises to Rs. 21.72 crore with 2.17 crore shares. All four allottees are non-promoters.

Likely market impact

Acquisition of Ricardo Elevators done via share swap. Causes about 2 percent equity dilution. Share count rises to 2.17 crore.