L.T. Elevator Limited convenes an EGM on June 13, 2026, to seek shareholder approval for a significant capital raise.
The company proposes to increase authorized share capital from ₹20 crore to ₹22 crore and alter its Memorandum of Association.
A preferential issue of 21.28 lakh equity shares at ₹188 each and 5.32 lakh convertible warrants aims to raise nearly ₹50 crore.
Proceeds will fund a new factory, potential acquisitions, and general corporate purposes, with no change in control anticipated.