Disclosure under Regulation 30(Listing Obligation & Disclosure Requirement) Regulation 2015-Postal Ballot Notice
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Laddu Gopal Online Services Ltd (formerly ETT Limited) has issued a Postal Ballot Notice seeking shareholder approval for a stock split and related changes to its capital structure. The proposal is to sub-divide every 1 equity share of face value Rs. 10 into 5 equity shares of face value Rs. 2 each. The company's current paid-up capital is Rs. 26.96 crore comprising 2.69 crore shares of Rs. 10 each, and authorized capital is Rs. 40 crore — both will remain unchanged in total value but the share count will multiply fivefold. The company says the split aims to improve liquidity, broaden the shareholder base, and make shares more affordable for retail investors. Voting will be conducted via remote e-voting from May 15 to June 13, 2025, with the cut-off date set as May 9, 2025. The record date for the split will be announced separately after shareholder approval.
If approved, each existing share will become 5 shares of one-fifth the face value, effectively lowering the per-share price by about 80% and potentially improving affordability and trading volumes for retail investors. Total shareholding value and voting rights remain unaffected. The stock price may adjust downward on the record date, which is typical for stock splits.