Disclosure Pursuant to regulation 30(6), 23 and other applicable provisions of SEBI(LODR) Regulation 2015- Regarding approval of investment by listed company in the equity shares of Park ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
L. T. Elevator's board, at its meeting on 13 October 2025, approved investing ₹8,00,00,127.76 in 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). Park Smart Solutions is in the turnkey multi-level car parking business and has shown strong growth, with turnover rising from ₹7.4 crore in FY23 to ₹30.4 crore in FY25 and net profit of ₹3.8 crore in FY25. The investment will be funded from IPO proceeds raised in September 2025 and used for the subsidiary's working capital, as disclosed in the prospectus. The investment is classified as a material related party transaction at 14.62% of the listed entity's consolidated turnover. The board also appointed Cameo Corporate Services Ltd as the new share transfer agent.
This is deployment of fresh IPO funds into the 100% subsidiary as promised at the time of listing, so it is largely an internal capital allocation rather than a new external commitment. Shareholders should see it as the company executing its stated use-of-proceeds plan, while the subsidiary's strong revenue and profit growth indicates potential for value creation within the group.