L.T. Elevator Limited has announced an investor conference call scheduled for January 19, 2026 at 2:00 PM IST to discuss the recent acquisition of Ricardo Elevators and provide insights into the company's overall business outlook. The announcement was made through a formal communication to BSE Limited on January 13, 2026, in compliance with regulatory requirements.

Regulatory Compliance and Purpose

The investor conference call has been organized pursuant to Regulation 30(6) read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The primary focus of the call will be to discuss the recent acquisition of Ricardo Elevators and share the company's overall business outlook with investors and stakeholders.

Management Participation

The conference call will feature key members of L.T. Elevator's management team who will provide detailed insights into the acquisition and business strategy. The speakers include Mr. Yash Gupta, Whole Time Director, and Mr. Neeraj Hemnani, Head - Home Elevator Division. For further information regarding the conference call, stakeholders can contact Biplab Das, Chief Financial Officer, at biplab@ltelelevator.com .

Access and Participation Details

Investors and participants can join the conference call through multiple options, including universal dial-in numbers and DiamondPass™ express join facility. The company has provided comprehensive joining details with both domestic and international access numbers to ensure broad participation.

The company has emphasized that participants should dial in 10 minutes prior to the conference schedule to ensure timely connection. International participants can access the call through dedicated toll-free numbers for various countries including the USA, UK, Germany, Australia, and several others.

Company Information

L.T. Elevator Limited, with CIN U31909WB2008PLC128871, operates from its corporate and registered office located at Capricorn Nest, 3 Gobinda Auddy Road, Alipore Kolkata. The company trades on BSE with scrip code 544518 and ISIN INE0TJ801010. The formal announcement was signed by Mr. Arvind Gupta, Managing Director (DIN: 00253202), emphasizing the significance of this investor engagement initiative.

L.T. Elevator Limited has announced a proposed merger with Ricardo Elevators Private Limited, representing a strategic move to enter the rapidly expanding home elevator market. The Kolkata-based company, which reported revenue of ₹46.99 crores for H1 FY2026, aims to leverage this acquisition to accelerate growth in the premium residential elevator segment.

Company Overview and Current Operations

L.T. Elevator Limited operates as an ISO 9001:2008 certified company with over 15 years of experience in vertical transportation solutions. The company maintains a comprehensive business model covering the complete elevator lifecycle from design to installation and operations & maintenance.

The company operates across three primary business verticals: passenger and goods elevators, automated parking systems, and direct-to-consumer home elevators. This diversified approach positions L.T. Elevator as an engineering-led manufacturer with in-house capabilities across the vertical transportation spectrum.

Strategic Acquisition of Ricardo Elevators

Ricardo Elevators Private Limited brings significant value to the merger through its established presence in the premium home elevator market. The acquisition targets the growing demand for residential elevators, which represents an estimated ₹2,000 crore market opportunity according to management estimates.

Ricardo Elevators has established itself as a design-led premium brand with Indo-Italian aesthetics, targeting affluent homeowners through a digital-first D2C approach. The company utilizes omnichannel presence combining digital discovery through social media platforms with physical brand outlets across major Indian cities.

Market Opportunity and Growth Drivers

The home elevator segment presents unique structural advantages that differentiate it from traditional elevator markets. Home elevators require approximately 70% less space compared to conventional elevators, eliminate the need for civil work including pits and headrooms, and operate on single-phase power compatible with standard residential electricity supply.

Key market characteristics include:

• True D2C demand profile with individual homeowners placing single-unit orders
• Fragmented competitive landscape with limited organized player presence
• Premiumization trend driven by lifestyle preferences and aging population needs
• Early adoption stage with significant growth runway ahead

Combined Entity Strengths

The merger creates multiple value drivers for the combined organization. L.T. Elevator's engineering-led manufacturing capabilities will support Ricardo's distribution network, while Ricardo's brand recognition and pricing power enhance the overall market position.

Capacity Expansion Plans

To support the expanded operations, L.T. Elevator is developing an integrated manufacturing facility designed to scale production significantly. The new facility will provide 5x the current size and 2.5x the installed capacity, with targeted completion in Q4 FY27.

The company has set an ambitious target to capture 15% market share in the home elevator segment by 2030, leveraging the combined strengths of both organizations. The merger positions the entity to benefit from revenue growth, enhanced manufacturing capabilities, expanded distribution reach, improved pricing power, and operational economies of scale.

This strategic acquisition represents L.T. Elevator's commitment to expanding its market presence in the high-growth residential elevator segment while maintaining its engineering excellence and manufacturing capabilities.