Outcome of 32nd Annual General Meeting (AGM) held on 22nd September, 2025.
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Laddu Gopal Online Services Ltd (formerly known as ETT Limited) held its 32nd AGM on 22 September 2025 via video conferencing, where all seven resolutions were passed. Members adopted the audited financial statements for FY ended 31 March 2025 and approved the re-appointment of Mr. Nitin Ashokkumar Khanna as a Director liable to retire by rotation. The AGM also cleared the appointment of a Secretarial Auditor. Key special business items included approval to give loans or guarantees under Section 185, raising the existing threshold for loans, guarantees and investments under Section 186, increasing the combined FPI/FII shareholding limit to 49% of paid-up equity capital, and increasing the Authorised Share Capital along with a corresponding amendment to the Capital Clause of the Memorandum of Association.
The hike in the FPI/FII limit to 49% and the increase in authorised share capital suggest the company is preparing for potential fundraising or attracting foreign portfolio investors, which could dilute existing shareholders if new shares are issued. The broader powers to extend loans, guarantees and make investments give management greater financial flexibility but also raise the risk of capital being deployed outside the core business.