Filing of 32nd Annual Report of Laddu Gopal Online Services Limited (Formerly known as ETT Limited) for the Financial Year 2024-25
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Laddu Gopal Online Services Ltd (formerly ETT Limited) has filed its 32nd Annual Report for FY 2024-25 and announced its 32nd AGM to be held on September 22, 2025 at 12:00 PM via video conferencing. The AGM notice seeks shareholder approval for several items including adoption of financial statements, re-appointment of Mr. Nitin Ashokkumar Khanna as director, and appointment of secretarial auditor for five years. Key special business items include doubling the authorised share capital from Rs 40 crore to Rs 80 crore, raising the Section 186 investment/loan threshold to Rs 500 crore, increasing the FPI/FII aggregate holding limit to 49% of paid-up equity capital, and approving loan/guarantee powers under Section 185. During the year, the company saw significant churn at the board level with multiple independent directors appointed and resigning, the statutory auditor was changed twice, and the registered office was relocated.
The proposed doubling of authorised capital and sharp increase in Section 186 investment limits to Rs 500 crore suggest the company may be planning major fundraising or investment activities, which could lead to equity dilution. The frequent changes in auditors and directors during the year may raise governance red flags for shareholders to monitor.