Outcome of the Meeting of the Board of Directors of Laddu Gopal Online Services Limited held today i.e. Monday, February 23, 2026
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The Board of Directors of Laddu Gopal Online Services Limited (formerly ETT Limited) met on February 23, 2026, and approved raising funds through a Rights Issue of equity shares with a face value of Rs. 2 each, for an aggregate amount of up to Rs. 30 Crores. The shares will be offered to existing eligible shareholders as on a record date that will be notified later. The Board also approved the Draft Letter of Offer for filing with BSE and constituted a Rights Issue Committee led by Mr. Lovish Kataria to oversee the process and appoint intermediaries.
Existing shareholders will get the right (but not the obligation) to subscribe to additional shares in proportion to their current holdings. While this brings fresh capital to the company, it may lead to short-term share price pressure due to potential dilution once the issue price and entitlement ratio are announced.