Corrigendum to the Notice of Extra-Ordinary General Meeting dated 22nd May, 2022
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L. T. Elevator Limited has issued a corrigendum to the notice of its Extra-Ordinary General Meeting (EGM) scheduled for 13th June 2026. The key change is a swap of one proposed allottee in the preferential equity share issue — Rainbow Agri Commodities Pvt. Ltd. (26,596 shares) has been replaced with Resource Vincom Private Limited (26,596 shares), with ultimate beneficial owners Rajendra Bhutra and Anju Devi Bhutra. The corrigendum also lays out the use of proceeds totaling up to ₹4,999.82 lakhs (~₹50 crore): ₹1,500 lakhs for a new factory, ₹2,750 lakhs for inorganic growth/acquisitions, ₹441.82 lakhs for general corporate purposes, and ₹308 lakhs for issue expenses. The company has already acquired ~274 decimals of land in Howrah, West Bengal for the new factory. A clerical error in the original notice that incorrectly named NSE as the stock exchange has been corrected to BSE Limited.
This is an administrative correction to the EGM notice and does not change the size, pricing, or control of the preferential issue. Shareholders voting at the 13th June 2026 EGM should review the revised allottee (Resource Vincom Pvt. Ltd.) and the detailed use of proceeds, but the overall deal structure and company control remain unchanged.