Laxmi Goldorna House Limited — Others, 10-06-2025: Shareholders meeting

Laxmi Goldorna House Limited has announced a board meeting to seek shareholder approval for merging its wholly owned subsidiary, Laxmi Infraspace Private Limited, into itself. This merger aims to simplify the group structure, improve operational efficiencies, and optimize resource use, enhancing shareholder value. No new shares will be issued, as the subsidiary is fully owned. The company’s paid-up equity capital is INR 20.87 Cr, and creditors owed around INR 98.55 Cr will be addressed. The consolidation is expected to streamline operations without significant impact on key managers or promoters.