LKP Finance Limited has announced that it 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. The regulatory approval was communicated through an official letter dated March 20, 2026.

Regulatory Disclosure Details

The company made this disclosure to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by Rishi Arya, Company Secretary & Compliance Officer, and submitted to the exchange on March 20, 2026.

Business Strategy Shift

Consequent to the RBI approval, LKP Finance will cease to operate as a Non-Banking Financial Company. The company has outlined its strategic direction following this regulatory change, indicating a focused approach toward its existing business verticals.

The company will now concentrate its efforts on its rewards and loyalties programme business. This strategic pivot represents a significant shift in the company's operational framework, moving away from traditional NBFC activities.

Impact Assessment

LKP Finance has assessed the potential implications of this regulatory change on its business operations. The company has stated that the voluntary cancellation of its NBFC registration is not expected to have any material adverse impact on its overall operations.

This assessment suggests that the company's rewards and loyalties programme business segment possesses sufficient operational strength to sustain the organization's activities post the NBFC exit. The strategic realignment appears to be part of a planned business transformation rather than a reactive measure.

Corporate Information

LKP Finance Limited operates from its registered office located at 112 - A / 203, Embassy Centre, Nariman Point, Mumbai - 400 021. The company maintains its corporate identity with CIN: L65990MH1984PLC032831 and continues to be listed on BSE Limited under scrip code 507912.

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.