Intimation under regulation 30 read with Schedule III of SEBI (LODR) Regulation 2015, regarding purchase of land measuring approx 274 decimal.
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Awaiting price reaction for this filing.
L. T. Elevator Ltd has approved the purchase of approximately 274 decimal of commercial land located at Mouza Joypur, District Howrah, West Bengal. The total consideration is Rs. 66.21 lakhs, payable to four individual sellers who are unrelated to the company's promoters. The purchase agreement was signed on 23 November 2025 and approved by the Board on 12 December 2025. The company states the land is part of its long-term expansion strategy to strengthen operational capabilities. The transaction is not a related-party deal and falls outside any scheme of arrangement.
This is a small-ticket land acquisition aimed at future expansion, not an immediate revenue trigger. Investors should watch for further announcements on what the company plans to build or use the land for, which would give a clearer picture of growth plans.