LT Elevator Allots 461,000 Shares To Acquire Ricardo Elevators Private Limited

Board allotted 4,61,000 equity shares at Rs 281.86/share on preferential basis for swap of entire equity of Ricardo Elevators to four non-promoter allottees. Closes shift from merger plan to share-swap; brings D2C home-elevator engine already executing orders into reported consolidation via non-cash dilution. Adds scale with about 2% dilution and lock-in; SPA closure formalities, consolidation timing and Ricardo financials not disclosed; H1 inclusion to confirm.