Proceedings of 32nd Annual General Meeting held on 22nd September, 2025.
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Laddu Gopal Online Services Ltd held its 32nd AGM on September 22, 2025, from 12:00 PM to 12:32 PM via video conferencing. The company has 20,936 shareholders on record, but only 59 public shareholders attended the meeting, with zero promoters present. Seven resolutions were tabled: adoption of FY25 audited financial statements, re-appointment of Mr. Nitin Ashokkumar Khanna as Director, appointment of M/s Vishakha Agrawal & Associates as Secretarial Auditor, approval for loans/guarantees under Section 185, increase in loan/investment thresholds under Section 186, raising the FPI/FII shareholding cap to 49% of paid-up equity capital, and an increase in authorised share capital with corresponding MOA changes. Notably, the Statutory Auditors' Report carries a qualification (though management says it does not affect functioning), while the Secretarial Audit Report is clean. Voting results were to be announced by September 24, 2025.
The key items to watch for shareholders are the proposed increase in authorised share capital (potential dilution) and the hike in FPI/FII limit to 49%, which could bring in foreign institutional flows. The auditor qualification on financial statements is a mild red flag worth tracking, though management claims it does not impact operations. The absence of promoters at the AGM may also raise governance questions.