Laxmi Goldorna House Limited has informed the Exchange that the Board of Directors at its meeting held on September 04, 2025, have considered and approved bonus at the ratio of 7 : 5, i.e 7 Equity Shares for every 5 Equity Shares held.
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The Board of Directors of Laxmi Goldorna House Limited, at its meeting held on September 04, 2025, approved a bonus issue of equity shares in the ratio of 7:5. This means shareholders will receive 7 new equity shares for every 5 existing shares they hold. The announcement does not specify a record date or the timeline for issuance. Bonus shares are typically issued out of the company's reserves and increase the total share count without changing the underlying value of the company.
The bonus issue will expand the total share base but is generally price-neutral in the long run. Short-term, the stock may see increased trading interest and a downward adjustment in share price on the ex-bonus date. Existing shareholders' overall holdings proportionally increase, though per-share value adjusts accordingly.