Bilkul Bazaar
Ahmedabad: Laxmi Goldorna House Ltd (LGHL), a dynamic ISO 9001:2015-certified company listed on the National Stock Exchange and a key player in the real estate sector, today announced the successful receipt of approval for the Scheme of Amalgamation with its wholly-owned subsidiary, Laxmi Infraspace Pvt Ltd. This pivotal merger, effective from April 1, 2025, underscores LGHL’s commitment to operational efficiency, resource optimization, and sustained growth in India’s competitive housing markets.
The scheme, pursued under Section 233 of the Companies Act, 2013, follows unanimous board approvals from LGHL and Laxmi Infraspace in April and June 2025, respectively, as well as strong endorsements from shareholders and secured creditors & unsecured creditors in July 2025. With Laxmi Infraspace specializing in infrastructure and real estate development, the amalgamation integrates complementary strengths, eliminating redundancies and fostering seamless synergies across LGHL’s diversified portfolio.
“This merger represents a transformative step forward for LGHL, enabling us to consolidate our expertise in high-quality manufacturing and innovative real estate projects under one unified entity,” said Jayeshbhai Shah, Chairman and Managing Director of Laxmi Goldorna House Ltd. “By streamlining operations and leveraging combined resources, we are better positioned to capitalize on emerging opportunities in affordable and luxury housing, while continuing to deliver exquisite, branded jewelry that resonates with our discerning customers. This move not only enhances shareholder value but also reinforces our vision of building enduring communities and timeless adornments that stand the test of time.”
The merger comes at an opportune time, aligning with LGHL’s robust financial performance. In the quarter ended June 2025, the company reported a consolidated net profit surge of 89.74% to Rs 2.22 crore, driven by an 80.74% year-over-year increase in standalone net sales to Rs 28.64 crore. These results highlight LGHL’s resilience and strategic focus amid market dynamics, with the company’s share price reflecting investor confidence, closing at approximately Rs 726.00 as of August 12, 2025 – a 7.54% increase from the prior day.
Founded in 2010 as Laxmi Goldorna House Private Limited and converted to a public company in 2017, LGHL has evolved from its roots in gold jewelry manufacturing – encompassing wholesale, retail, and trading of ornaments with or without precious stones – to a multifaceted enterprise including real estate development. Headquartered in Ahmedabad, LGHL is transforming urban landscapes through completed and ongoing projects in affordable and luxury housing. The integration of Laxmi Infraspace, acquired from the Shah family earlier in 2025 for a nominal INR 0.11 million, further solidifies LGHL’s infrastructure capabilities, paving the way for accelerated project execution and innovation.
Looking ahead, LGHL remains focused on sustainable growth, quality excellence, and stakeholder value creation.