Laxmi Goldorna House Limited has made a formal disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, reporting a case of fraud committed by its former Chief Financial Officer, Mr. Jaykumar Patel. The disclosure, dated 14-05-2026, was submitted to the National Stock Exchange of India Limited and states that Mr. Patel was found to have committed fraud through embezzlement and siphoning of company funds over a period of approximately one year during his tenure as CFO and Key Managerial Personnel.

Nature and Estimated Scale of the Fraud

According to the disclosure filed under Annexure A, the fraud involved the embezzlement and siphoning of funds belonging to Laxmi Goldorna House Limited. The estimated financial impact on the company corresponds to the extent of the amount of fraud identified. The following table summarises the key details as disclosed under Para A of Part A of Schedule III of Regulation 30:

Regulatory Reporting and Corrective Actions

The company has stated that it is currently in the process of filing a complaint with the appropriate authorities in connection with the fraud. In addition to the legal complaint, Laxmi Goldorna House Limited has outlined the following corrective measures:

• The matter will be placed before the Audit Committee and Board of Directors for review.
• Appropriate safeguards will be put in place to prevent recurrence.
• Proper checks and balances will be established to avoid any repetitive incidents in future.

The disclosure was signed by Mr. Jayeshkumar Chinulal Shah, Managing Director of Laxmi Goldorna House Limited, on 14-05-2026. The filing was made in compliance with the SEBI Master Circular No: HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, which governs disclosure obligations for listed entities in such matters.

Laxmi Goldorna House , a prominent player in the jewelry industry, has announced a significant board meeting scheduled for September 4. The meeting agenda focuses on two critical matters that could potentially impact the company's shareholders and capital structure.

Key Agenda Items

Bonus Distribution

The board will deliberate on the distribution of bonuses, which could be of particular interest to shareholders. Bonus issues, if approved, typically involve the company issuing additional shares to existing shareholders without charge, effectively increasing the number of outstanding shares while maintaining each shareholder's proportional ownership.

Fundraising Matters

The second major item on the agenda pertains to fundraising discussions. This could signal the company's intentions to explore various avenues for capital acquisition, which might be crucial for future growth initiatives, expansion plans, or strengthening the company's financial position.

Potential Implications

The outcomes of this board meeting could have significant implications for Laxmi Goldorna House and its stakeholders:

• For Shareholders: The potential bonus distribution could reward existing shareholders, potentially increasing their holdings without additional investment.
• For the Company: Any decisions on fundraising could impact the company's capital structure and provide resources for future business strategies.

Investors and market watchers will be keenly awaiting the results of this board meeting, as the decisions made could influence the company's stock performance and future financial strategies.

Laxmi Goldorna House has not provided any additional details about the specific nature of the bonus distribution or the fundraising plans under consideration. Shareholders and interested parties are advised to await official announcements following the September 4 board meeting for more concrete information on these important matters.