LT Elevator Ltd. Share Price

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.