Summary:
Laxmi Goldorna House Limited (LGHL) has announced a 7-for-5 bonus share issue, meaning shareholders will receive seven new shares for every five shares held. The move, approved by the company’s board on September 4, 2025, is subject to shareholder approval at the upcoming AGM on September 30, 2025. The record date to determine eligible shareholders has been set for October 10, 2025.
Key Highlights
- Company: Laxmi Goldorna House Limited (LGHL)
- Announcement Date: September 4, 2025
- Bonus Ratio: 7:5 (seven shares for every five held)
- Board Status: Approved, pending AGM clearance
- AGM Date: September 30, 2025
- Record Date: October 10, 2025
What It Means for Shareholders
- Increased Shareholding: Investors will receive additional shares, effectively expanding their total holdings without extra cost.
- Conditional Approval: The bonus issue will take effect only after shareholder approval at the AGM.
- Eligibility Cut-Off: Shareholders on record as of October 10, 2025, will be entitled to the bonus shares.
Strategic Implications
The bonus issue is typically seen as a way to reward existing shareholders and improve stock liquidity. By issuing additional shares, the company enhances affordability for retail investors while maintaining overall market capitalization.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.