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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
L.T. Elevator Ltd's Board has finalized a Rs. 50 crore fund raise via preferential issue. The company will issue up to 21,27,563 equity shares at Rs. 188 per share (aggregating ~Rs. 40 crore) and up to 5,31,914 convertible warrants at Rs. 188 per warrant (aggregating ~Rs. 10 crore) to non-promoter investors. Key investors include Bandhan Small Cap Fund (10.80 lakh shares), Motilal Oswal Financial Services, and Gracious Advisors LLP. The authorized share capital will increase from Rs. 20 crore to Rs. 22 crore. All securities are subject to shareholder approval at an EOGM on 13th June 2026, with a record date of 14th May 2026. Convertible warrants have an 18-month conversion tenure.
The preferential issue will dilute existing shareholders but brings Rs. 50 crore of capital. The large institutional participation by Bandhan Small Cap Fund signals confidence in the company. Shareholders should monitor the EOGM outcome for final approval.