Intimation/Disclosure of events under Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulation ,2015
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The Board of Directors of Laddu Gopal Online Services Ltd, at its meeting on May 10, 2025, approved a sub-division/split of equity shares in the ratio of 1:5 — each equity share of face value Rs. 10 will be split into 5 equity shares of face value Re. 2 each. The same 1:5 split will also apply to preference shares. Post-split, the paid-up equity share count will rise from 2,69,58,516 shares to 13,47,92,580 shares, while the total paid-up capital stays unchanged at Rs. 26,95,85,160. The company says the rationale is to boost liquidity and make the stock more affordable for retail investors. The split is subject to shareholder approval via postal ballot and is expected to be completed within roughly 2 months.
If approved, existing shareholders will automatically receive 5 shares for every 1 share held, with the share price expected to adjust downward proportionally on the ex-split date. Total value of holdings remains the same, but lower per-share price could attract more retail participation and improve trading liquidity. Shareholders should watch for the postal ballot voting outcome.