L T Elevator Limited IPO

51. The investors will not be able to sell immediately on an Indian stock exchange any of the Equity Shares they purchase in the Issue.

52. There are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder's ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.

53. Any future issuance of Equity Shares may dilute the investors' shareholdings or sales of our Equity Shares by our Promoters or Promoter Group may adversely affect the trading price of our Equity Shares.

54. Our Company has not paid any dividends till now and there can be no assurance that we will pay dividends in future.

55. Our ability to pay dividends in the future will depend upon our future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in our financing arrangements.

56. The Investors may be subject to Indian taxes arising out of capital gains on sale of Equity Shares.

57. Applicants to this Issue are not allowed to withdraw their Applications after the Issue Closing Date.

58. Foreign investors may be restricted in their ability to purchase or sell Equity Shares.

59. Rights of shareholders under Indian law may be more limited than under the laws of other jurisdictions.

60. The investors may be restricted in their ability to exercise pre-emptive rights under Indian law and may be adversely affected by future dilution of their ownership position.