L&T Elevator Limited has acquired a 274-decimal commercial land parcel in Joypur, Howrah, for ₹66.21 lakh from independent sellers. Approved on December 12, 2025, the move aligns with its expansion strategy, boosting operational capabilities. The deal is compliant, non-related, and outside any Scheme of Arrangement.
L.T. Elevator Limited has announced the purchase of a commercial land parcel measuring approximately 274 decimals at Mouza Joypur, Block Amta-2, District Howrah, West Bengal, marking a significant step in its long-term expansion roadmap. The acquisition, approved by the Board of Directors at its meeting held on Friday, December 12, 2025, is expected to reinforce the company’s operational base and future growth plans.
The agreement for this property was executed on November 23, 2025, with Naba Kumar Jati, Mousumi Jati, Sourav Jati, and Papri Jati as counterparties. The transaction value stands at ₹66.21 lakh, and no shares were issued as part of the deal. L.T. Elevator confirmed that the acquisition does not constitute a related-party transaction and is outside any Scheme of Arrangement under LODR Regulations.
Notable Updates:
-
Land Size: 274 decimals of commercial land located in Joypur, Howrah
-
Purchase Consideration: ₹66,21,000
-
Contract Date: November 23, 2025
-
Parties Involved: Four individual sellers; none connected to the promoter group
-
Purpose: Strategic expansion and operational augmentation
-
Regulatory Status: Compliant and outside the purview of related-party norms or Schemes of Arrangement
This acquisition underscores L.T. Elevator’s commitment to expanding its physical footprint and enhancing its production and service infrastructure to support future business growth.
Sources: Company disclosure to exchanges