Outcome of Board Meeting of ETT Limited (''''the Company'''')held on Saturday,10th May 2025
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The Board of Directors of Laddu Gopal Online Services Ltd (formerly ETT Limited) met on 10th May 2025 and approved a sub-division/split of equity shares. Each existing equity share of face value Rs. 10 will be split into 5 equity shares of face value Rs. 2 each. The same 1:5 split ratio will apply to preference shares as well. The company's paid-up equity share capital of Rs. 26.95 crore will remain unchanged, but the number of shares will increase from about 2.69 crore to about 13.48 crore. The Board also approved a postal ballot to seek shareholder approval for the split and related changes to the Memorandum of Association. The rationale stated by the company is to improve liquidity and make the shares more affordable for retail investors. Completion is expected within around 2 months of shareholder approval.
If approved, the stock split should lower the per-share price and potentially increase trading activity and retail participation. There is no change in the company's overall market capitalisation or paid-up capital value. Shareholders will automatically hold 5 times more shares post-split, but the record date is yet to be announced.