LT Elevator Ltd. IPO

Pursuant to the provisions of Regulation 30 of the SEBI Listing Regulation, L. T. Elevator has informed that it enclosed a copy of the Investor Presentation on proposed acquisition of 9,96,675 equity shares, representing, 66.45% of the of the issued and paid-up share capital of Dongyang PC, Inc., at a consideration of USD2.85 per share, subject to the fulfilment of the conditions precedent and other terms and conditions stipulated in the share purchase agreement. Upon completion of the transaction, Dongyang PC, Inc. shall become a subsidiary of the Company. The SPA further provides that, following the completion (Closing) of the aforesaid acquisition, the Company shall cause Dongyang PC, Inc. to propose, convene and implement a share buyback programme, pursuant to which Dongyang PC, Inc. shall acquire and cancel all 500,000 equity shares presently held by the Saudi investor at the same purchase price of USD 2.85 per share, within 60 days from the Closing. Upon completion of the proposed buyback and cancellation of such shares, Dongyang PC, Inc. is expected to become a wholly-owned subsidiary (100%) of the Company, subject to applicable laws and completion of the buyback process. The Investor Presentation, provides an overview of the proposed acquisition, the strategic rationale and business synergies, key transaction highlights, the business profile of Dongyang PC, Inc., its global presence across 35 countries, over 20 years of industry experience, intellectual property portfolio comprising more than 12 patents and 21 registered trademarks, and the expected benefits of the acquisition. This Presentation is also being uploaded on the Company’s website at https://www.ltelevator.com/page/other-announcements.

The above information is a part of company’s filings submitted to BSE.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, L. T. Elevator has submitted the Press Release titled ‘L.T. Elevator Signs Share Purchase Agreement to Acquire DYPC Inc., South Korea – Marks Entry into Global Automated Parking Technology.’ The Press Release pertains to the execution of a Share Purchase Agreement (SPA) by the Company for the acquisition of DYPC Inc. (Dongyang PC Inc.), Seoul, South Korea, a globally recognized manufacturer of automated mechanical car parking systems. The acquisition is expected to strengthen the Company's technological capabilities, expand its international presence, and reinforce its strategic growth initiatives in the automated parking solutions business. The same is also being made available on the Company’s website at https://www.ltelevator.com/page/otherannouncements.

With reference to its earlier communication dated 22nd May, 2026, whereby the Company had submitted the Notice of the Extra-Ordinary General Meeting (‘EOGM’) of the shareholders of the Company and pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, L.T. Elevator has informed that certain modifications/corrections have been made to the aforesaid EOGM Notice. Accordingly, it has enclosed the Corrigendum to the Notice of the Extra-Ordinary General Meeting of the Company scheduled to be held on Saturday, 13th June, 2026 at 11:00 am (IST) through Video Conferencing (‘VC’) / Other Audio-Visual Means (‘OAVM’). The Corrigendum shall form an integral part of the original EOGM Notice dated 22nd May, 2026 and should be read in conjunction with the said Notice. Except for the modifications specifically mentioned in the Corrigendum, all other contents of the original EOGM Notice shall remain unchanged.

The above information is a part of company’s filings submitted to BSE.  

The government said that retail prices of sugar have started to ease with ex-mill rates declining by around 20 per cent in the last few days and highlighted that it will allocate a fortnightly sale quota to mills from September to ensure smooth supply and prevent artificial scarcity. At present, the food ministry allocates a monthly quota to mills for the sale of sugar. The Food Ministry said it is closely monitoring availability and prices of sugar, while asserting that there is no shortage of sweetener in India.

The ministry said it carried out physical verification of stocks in sugar mills and the exercise revealed that some mills were holding more stocks than declared in monthly returns, while some mills sold less stock than their monthly allocations. To address this problem, the government has decided to introduce a fortnightly sugar allocation system from September, replacing the existing monthly quota system.

Under the fortnightly quota, mills will have to sell at least 40 per cent of the allocation in the first week and the remaining quantity in the succeeding week. Commenting on the benefits of the new measure, the ministry said it will help to monitor the demand and supply situation, respond quickly to changes in market conditions and prevent artificial scarcity. It can release additional stocks if required to maintain adequate market availability. It noted that sugar mills have already been directed to ensure that sugar sold is dispatched from the mill within seven days of sale.

These two measures - fortnightly quota allocation and mandatory dispatch within seven days - would significantly improve the entire supply chain. Bulk consumers of sugar have been asked not to hold stocks in excess of their operational requirements.

Talking about the prevailing high sugar prices, the government said it has taken a series of proactive measures to ensure adequate availability of sugar and prevent artificial tightening of supplies in the domestic market. To control prices, the Centre has recently allowed imports of 10 lakh tonnes of raw sugar by October 31. It has imposed stock holding limits on dealers, as well as bulk consumers like beverage makers. Exports were already banned a few months back. As a result, the ex-mill sugar prices have declined by around 20 per cent in recent days, while retail sugar prices have also started coming down.