L.T. Elevator Limited has informed BSE Limited about receiving a regulatory penalty for delayed compliance with SEBI disclosure requirements. The company disclosed this development through a formal communication dated December 18, 2025, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Penalty Details

The regulatory action stems from delayed submission of related party transaction disclosures, which resulted in a monetary penalty from the exchange.

Nature of Non-Compliance

The penalty was imposed under Chapter-VII(A) dealing with penal actions for non-compliance as specified in the SEBI Master Circular. The violation specifically relates to the delayed filing of related party transactions as mandated under Regulation 23(9) of SEBI (LODR) Regulations 2015.

The company has clarified that it had no intention of delay in filing and attempted to comply within the prescribed timeframe in good faith. However, due to lack of clarification, the delay occurred, leading to the regulatory action.

Company's Response and Assurance

L.T. Elevator Limited has emphasized that the penalty will have no impact on the company's financial, operational, or other activities. The management has provided assurance regarding future compliance measures.

The company has committed to strict adherence to all applicable SEBI regulations and listing obligations going forward. This commitment reflects the management's focus on maintaining regulatory compliance standards.

Regulatory Framework

The action was taken under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, which mandates timely disclosure of related party transactions by listed entities. The penalty structure follows the guidelines outlined in the SEBI Master Circular dated November 11, 2024, specifically under the penal actions framework for non-compliance.

The disclosure was made by Managing Director Arvind Gupta from the company's registered office in Kolkata, ensuring transparency with stakeholders regarding the regulatory development.

L.T. Elevator Limited has announced a strategic land acquisition by its wholly owned subsidiary Park Smart Solutions Limited, marking another step in the company's expansion plans. The subsidiary has acquired commercial land measuring approximately 324.5 decimals located in Howrah, West Bengal.

Land Acquisition Details

Park Smart Solutions Limited has purchased the commercial land for ₹63.27 lacs (₹63,26,750.00). The property is situated at Mouza: Joypur Block: Amta-2, JL No. 71, Police station: Joypur, District: Howrah 711401. The purchase agreement was executed with the sellers Ntb Kumar Jati, Mousumi Jati, Sourav Jati, and Papri Jati.

Strategic Expansion Move

The acquisition aligns with L.T. Elevator Limited's long-term expansion strategy and is expected to strengthen and augment the company's operational capabilities. The transaction represents a significant investment in the company's infrastructure development and future growth prospects.

Transaction Structure

The land purchase does not involve any share issuance, with the entire consideration paid in cash. The sellers have no connection to the promoter, promoter group, or group companies, ensuring an arm's length transaction. The purchase falls outside any Scheme of Arrangement and does not constitute a related party transaction.

This strategic acquisition demonstrates L.T. Elevator Limited's commitment to expanding its operational footprint and enhancing its infrastructure capabilities through its subsidiary operations.