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.

L.T. Elevator Limited has announced the acquisition of commercial land in Howrah district for ₹66.21 lakh, marking a significant step in the company's expansion strategy. The Board of Directors approved this land purchase during their meeting held on December 12, 2025.

Land Acquisition Details

The company has acquired commercial land measuring approximately 274 decimals located at Mouza: Joypur Block: Amta-2, JL No. 71, Police station: Joypur, District: Howrah 711401. The purchase agreement was executed on November 23, 2025, with multiple sellers.

Transaction Parties

The land purchase involves four sellers: Naba Kumar Jati, Mousumi Jati, Sourav Jati, and Papri Jati. The company has confirmed that none of these sellers belong to the promoter, promoter group, or group companies, ensuring the transaction remains independent of related party considerations.

Strategic Significance

According to the company's disclosure, this acquisition aligns with L.T. Elevator Limited's long-term expansion strategy and is expected to strengthen and augment its operational capabilities. The purchase is not part of any Scheme of Arrangement and does not fall within related party transactions.

Regulatory Compliance

The Board meeting, which commenced at 6:30 p.m. (IST) and concluded at 7:15 p.m. (IST), was conducted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided all required details as per SEBI Master Circular dated November 11, 2024.

This land acquisition represents L.T. Elevator Limited's commitment to expanding its operational footprint and enhancing its infrastructure capabilities in the elevator manufacturing sector.