LKP Finance Limited has issued a comprehensive postal ballot notice to its shareholders, seeking approval for significant amendments to its Memorandum of Association (MOA) following the surrender of its Non-Banking Financial Company (NBFC) registration. The notice, dated March 26, 2026, outlines the company's proposal to streamline its object clauses to better reflect its current business operations.

Key Details of the Postal Ballot Process

The e-voting process has been structured with specific timelines and procedures to ensure comprehensive shareholder participation:

The company has engaged Central Depository Services (India) Limited (CDSL) to provide e-voting facilities to its members. Only shareholders whose names appear in the Register of Members or Beneficial Owners as on the cut-off date of March 20, 2026, will be eligible to vote.

Proposed Amendments to Memorandum of Association

The primary agenda involves the deletion of specific object clauses from the company's MOA that are no longer relevant to its current business model. The proposed deletions include:

Under Clause III (A):

• Merchant financing and underwriting activities
• Financial and management consultancy services
• Formation and supervision of other companies
• Leasing and hire purchase finance operations

Under Clause III (B):

• Receiving money on deposit at interest
• Managing investment pools and mutual funds
• Custody services for money, securities, and valuables

These clauses were primarily aligned with the company's previous operations as an NBFC, which are no longer applicable following the surrender of its registration certificate.

Background and Rationale

The Board of Directors approved this proposal during their meeting held on March 26, 2026. The amendment follows the Reserve Bank of India's confirmation dated March 20, 2026, regarding the cancellation of LKP Finance's Certificate of Registration as an NBFC after voluntary surrender.

The company stated that the existing object clauses relate to activities such as merchant financing, underwriting, investment in securities, consultancy services, acting as registrars and share transfer agents, and leasing operations. Since these activities are no longer being carried out and do not align with the company's present business operations and future plans, their deletion from the MOA is deemed necessary.

Voting Process and Compliance

In compliance with the Companies Act, 2013, and SEBI regulations, the postal ballot notice is being sent electronically to all registered shareholders. The company has emphasized that physical copies will not be circulated, and shareholders must ensure their email addresses are registered with the depositories or the company's Registrar and Share Transfer Agent, Adroit Corporate Services Private Limited.

The voting rights will be proportionate to shareholders' stake in the paid-up equity share capital as on the cut-off date. The special resolution will be considered passed if the votes in favor are not less than three times the votes cast against it.

Corporate Governance and Transparency

The company has appointed Abhay Kumar (CP No. 22630) from M/s. Abhay K & Associates Company Secretaries as the scrutinizer to ensure fair and transparent conduct of the postal ballot process. The results will be submitted to stock exchanges within two working days of the e-voting period's conclusion, maintaining compliance with SEBI Listing Regulations.

The postal ballot notice and related documents are available on the company's website at www.lkpfinance.com and will also be displayed on CDSL's e-voting platform at www.evotingindia.com . This initiative reflects LKP Finance's commitment to adapting its corporate structure to align with its evolved business model while maintaining regulatory compliance and shareholder transparency.

LKP Finance Limited has received approval from the Reserve Bank of India (RBI) for the voluntary cancellation of its Certificate of Registration (CoR) as a Non-Banking Financial Company. Following this regulatory approval, the company's board has now taken decisive steps to formalize its exit from NBFC operations through amendments to its constitutional documents.

Board Meeting Outcomes

The Board of Directors of LKP Finance convened on March 26, 2026, and approved significant changes to align the company's legal framework with its strategic business direction. The meeting, which commenced at 03:30 P.M. and concluded at 04:00 P.M., addressed key corporate governance matters.

Constitutional Changes Approved

The board has approved the alteration of the Main Object Clause of the Memorandum of Association, subject to shareholders' approval. This involves the deletion of existing Clause III (A) and Clause III (B) relating to NBFC activities including merchant financing, underwriting, investment in securities, consultancy services, registrar and share transfer activities, and leasing/hire purchase operations.

The board also approved the Notice of Postal Ballot and allied matters for items requiring shareholder approval. M/s. Abhay K & Associates, Company Secretaries, with Proprietor Mr. Abhay Kumar, has been appointed as Scrutinizer for the postal ballot process.

Strategic Business Realignment

Consequent to the RBI approval received on March 20, 2026, LKP Finance will cease to operate as a Non-Banking Financial Company. The company will now concentrate its efforts on its rewards and loyalties programme business, representing a significant shift in operational framework.

Impact Assessment and Corporate Information

LKP Finance has assessed that the voluntary cancellation of its NBFC registration is not expected to have any material adverse impact on its overall operations. The company's rewards and loyalties programme business segment possesses sufficient operational strength to sustain organizational activities post the NBFC exit.

LKP Finance Limited operates from its registered office at 112 - A / 203, Embassy Centre, Nariman Point, Mumbai - 400 021, with CIN: L65990MH1984PLC032831. The regulatory disclosures were communicated by Rishi Arya, Company Secretary & Compliance Officer, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.