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.
LGHL · price
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Laxmi Goldorna House Limited has announced a bonus issue of equity shares approved by its Board of Directors at a meeting held on September 04, 2025. The bonus ratio is 7:5, meaning shareholders will receive 7 bonus equity shares for every 5 equity shares currently held. This is a generous bonus issue, increasing each shareholder's share count by 140%. The record date and other procedural details for the bonus issue are expected to be announced separately by the company.
This is a positive development for existing shareholders as it increases their shareholding without any additional cost. However, bonus issues typically lead to a proportional adjustment in the stock price, so the overall value of holdings remains largely unchanged. The high bonus ratio (1.4:1) reflects management's confidence in the company's prospects.