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.

LKP Finance Limited has successfully concluded its postal ballot voting process, with shareholders decisively approving a special resolution for the company's name change and consequent alterations to its Memorandum and Articles of Association. The company filed the voting results with BSE Limited on March 16, 2026, following the completion of the remote e-voting process.

Voting Results and Participation

The postal ballot witnessed significant shareholder participation, with the resolution receiving overwhelming support from the voting members. The company had a total of 6150 shareholders on the record date of February 6, 2026.

The resolution required a special majority and successfully achieved it with 99.46% of valid votes cast in favour and only 0.54% against.

E-Voting Process and Timeline

The remote e-voting process was conducted through the Central Depository Services Limited (CDSL) platform, ensuring secure and transparent voting for shareholders. The voting period commenced at 9:00 A.M. on February 14, 2026, and concluded at 5:00 P.M. on March 15, 2026.

Scrutinizer Report and Compliance

CS Abhay Kumar of Abhay K & Associates was appointed as the scrutinizer for the postal ballot process. The appointment was made by the Board of Directors on February 12, 2026, in accordance with Section 108 of the Companies Act, 2013.

The scrutinizer's report confirmed the validity of the voting process and results, ensuring compliance with regulatory requirements under the Companies Act, 2013 and SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Resolution Details and Regulatory Filing

The special resolution sought shareholders' approval for changing the company's name and making consequent alterations in the Memorandum of Association and Articles of Association. The promoter and promoter group were not interested in this particular agenda item, ensuring an independent decision by shareholders.

The voting results and scrutinizer's report have been uploaded on the company's website at www.lkpfinance.com and the CDSL e-voting portal at www.evotingindia.com . The company has filed the complete voting results with BSE Limited under Regulation 44 of the SEBI Listing Regulations, maintaining full transparency and regulatory compliance throughout the process.