LKP Finance Ltd has announced the record date for its bonus equity shares issue following shareholder approval and earlier BSE in-principle approval. The company has set March 6, 2026, as the record date for determining eligible shareholders for the 4:1 bonus issue.

Shareholder Approval and Record Date

Following the Board's recommendation in January 2026, shareholders approved the bonus issue proposal through postal ballot on February 19, 2026. The company has now established the implementation timeline:

Bonus Issue Structure

The BSE had earlier granted in-principle approval on February 20, 2026, for the substantial bonus equity shares issue:

Regulatory Compliance Timeline

The company has fulfilled key regulatory requirements, including shareholder approval through postal ballot. As per SEBI Circular CIR/CFD/PoD/2024/122 dated September 16, 2024, the deemed allotment date is scheduled for March 9, 2026, following the record date.

Implementation Process

Company Secretary and Compliance Officer Rishi Arya communicated the record date announcement to BSE pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bonus issue will provide existing shareholders with four additional shares for every share held as of the record date.

The bonus issue, once completed, will significantly expand LKP Finance's equity base from the current level to over 7.68 crore shares, providing substantial value to existing shareholders through the 4:1 distribution ratio.

LKP Finance Limited has announced the official results of its postal ballot conducted through remote e-voting, which concluded on February 19, 2026. The company secured overwhelming shareholder approval for two key resolutions with strong participation from its investor base, achieving 99.49% approval rates for both proposals.

Postal Ballot Process and Timeline

The remote e-voting process commenced on January 21, 2026, at 9:00 A.M. and concluded on February 19, 2026, at 5:00 P.M. The results were scrutinized by CS Abhay Kumar of Abhay K & Associates, who was appointed as the scrutinizer by the Board of Directors on January 19, 2026.

Resolution Outcomes and Detailed Voting Results

Both ordinary resolutions presented to shareholders received exceptional support, demonstrating strong confidence in the company's strategic initiatives.

Resolution 1: Alteration of Capital Clause

The first ordinary resolution regarding the alteration of capital clause of the Memorandum of Association received substantial approval:

Resolution 2: Issue of Bonus Shares

The second ordinary resolution for the issue of bonus shares secured identical strong support from shareholders:

Shareholding Pattern and Participation Analysis

The voting results revealed participation patterns across different shareholder categories, with the company's total outstanding shares standing at 15,361,650 as of the record date.

Regulatory Compliance and Documentation

The postal ballot process was conducted in full compliance with Section 108 and 110 of the Companies Act, 2013, and Rule 20 of the Companies (Management and Administration) Rules, 2014. The company utilized Central Depository Services Limited (CDSL) e-voting platform to facilitate the remote voting process under Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The voting results and scrutinizer's report have been uploaded on the company's website at www.lkpfinance.com and CDSL's e-voting portal at www.evotingindia.com . The documents are also available at the company's registered office at 112-A/203, Embassy Centre, Nariman Point, Mumbai, and corporate office for shareholder reference.

Corporate Impact and Strategic Implications

With both resolutions passed successfully with 99.49% approval rates, LKP Finance Limited can now proceed with the implementation of the approved measures. The alteration of capital clause and bonus share issuance represent significant corporate actions that will impact the company's capital structure and provide additional value to existing shareholders. The exceptional approval rates indicate robust shareholder confidence in the company's strategic direction and management decisions, setting a strong foundation for future corporate initiatives.