Key Modifications to Preferential Issue

The corrigendum replaces the proposed allottee in the preferential issue:

Previous Allottee:

  • Rainbow Agri Commodities Pvt. Ltd. (Non-Promoter category) - 26,596 equity shares

New Allottee:

  • Resource Vincom Private Limited (Non-Promoter category) - 26,596 equity shares

Updated Shareholding Information

  • Resource Vincom Private Limited currently holds no equity shares in the company (previously stated that Rainbow Agri Commodities held 8,000 shares)
  • Ultimate beneficial owners of Resource Vincom Private Limited are Rajendra Bhutra and Anju Devi Bhutra
  • Post-issue shareholding for Resource Vincom will be 26,596 shares (0.12% of total equity capital)
  • No change in control or management of the company pursuant to the proposed allotment

Object of the Issue and Utilization Schedule

The company will utilize ₹49.998 million from the preferential issue for the following purposes:

| Purpose | Amount (₹ Lakhs) | Utilization Schedule |

| Capital expenditure for new factory setup | Upto 1500.00 | Within 18 months from allotment |

| Inorganic growth through unidentified acquisitions | Upto 2750.00 | Within 12 months from allotment |

| General Corporate Purposes | Upto 441.82 | Within 24 months from allotment |

| Preferential allotment expenses | Upto 308.00 | Within 24 months from allotment |

| Total | Upto 4999.82 | |

Detailed Utilization Plan

1. New Factory Setup (₹1,500 lakhs)

  • Location: Mouza: Joypur, Block: Amta-II, J.L. No. 71, Police Station: Joypur, District: Howrah - 711401
  • Land acquired: 274 decimals
  • Purpose: Construction of Pre-Engineered Building (PEB), MEP and civil works, infrastructure development, manufacturing machinery and equipment
  • Rationale: Existing facilities at near-optimal capacity, need for operational consolidation and efficiency

2. Inorganic Growth (₹2,750 lakhs)

  • For unidentified acquisitions and strategic investments
  • Company in preliminary discussions with certain businesses
  • No definitive agreements finalized as of notice date
  • Evaluation criteria includes complementary industries, growth potential, operational efficiencies

3. General Corporate Purposes (₹441.82 lakhs)

  • Working capital requirements
  • Business development initiatives
  • Administrative expenses
  • Other corporate exigencies

Additional Information

  • Amount utilization may deviate +/- 10% as per BSE notice no. 20221213-47 dated December 13, 2022
  • Pending utilization, proceeds will be invested in money market instruments, bank deposits, or permitted investments
  • No monitoring agency required (issue size below ₹100 crore)
  • Audit Committee will monitor utilization of proceeds
  • Correction to Notes section: Reference to "National Stock Exchange of India Limited" should read "BSE Limited"

The corrigendum forms an integral part of the original EGM notice and is available on the company website (www.ltelevator.com), BSE website (www.bseindia.com), and Cameo Corporate Services Limited website.