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Awaiting price reaction for this filing.
Laddu Gopal Online Services (formerly ETT Limited) filed its quarterly compliance report on the use of money raised through a Rights Issue. The company raised ₹24,88,47,840 (about ₹24.88 crore) on March 20, 2025, entirely for meeting incremental working capital needs and general corporate purposes. For the quarter ended March 31, 2025, the full raised amount has been utilized. The company has confirmed there is no deviation or variation from the originally disclosed objects, and no monitoring agency was required for this issue.
This is a routine positive compliance update — it reassures shareholders that the ₹24.88 crore raised via rights issue was deployed exactly as promised, with no misuse or change in purpose. No immediate stock price catalyst, but it removes a potential governance red flag.