Voting Result and Scrutinizers'' Report of AGM of the Company
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Laddu Gopal Online Services Limited (formerly ETT Limited, Scrip Code: 537707) held its 32nd AGM on September 22, 2025 via video conferencing. All 7 resolutions were passed with overwhelming support (over 99.98% in favor on each). Key items approved included adoption of FY25 audited financial statements, re-appointment of Mr. Nitin Ashokkumar Khanna as a director (retire by rotation), appointment of M/s Vishakha Agrawal & Associates as Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30), and authority for the board to make investments, give loans and provide guarantees/ securities exceeding Section 186 limits up to Rs. 500 Crores. Shareholders also approved increasing the FPI/FII aggregate shareholding limit to 49% of paid-up equity capital and doubling the authorized share capital from Rs. 40 Crore to Rs. 80 Crore (20 crore to 40 crore equity shares of Rs. 2 each). Voting turnout was very low, with only 1.36% of outstanding shares (18,29,134 out of 13,47,92,580) participating, and notably the promoter/promoter group holding is shown as zero, indicating a fully public-held company.
The doubling of authorized share capital and raised FPI limit (up to 49%) signal the company is preparing for a potential fundraising, expansion, or stock split in the near future, which could lead to equity dilution for existing shareholders. However, the very low voter turnout (1.36%) and the routine nature of the resolutions mean limited immediate market impact.