Laxmi Goldorna House Limited — JV/Acquisition, 24-03-2025: Acquisition

Laxmi Goldorna House Limited has successfully acquired 100% of the equity shares (10,000 shares) of Laxmi Infraspace Private Limited at a book value of ₹10.86 per share, totaling ₹1.08 crore. This acquisition, considered a related party transaction, positions Laxmi Goldorna to venture into the real estate sector, leveraging Laxmi Infraspace's capabilities. The strategic purpose is to develop real estate projects, allowing for market expansion and diversification. This move is expected to enhance shareholder value through focused efforts in a new sector while retaining control under existing management.