LKP Securities Ltd. has announced the passing of Mr. Mahendra V Doshi, a Non-Executive Non-Independent Director and promoter of the company. The sad news was conveyed to the BSE Limited on August 7, 2025, following Mr. Doshi's demise on August 6, 2025.

Shareholding Details

Mr. Doshi held a significant stake in LKP Securities, totaling 35.17% of the company's shares. His holdings were divided as follows:

Regulatory Implications

In compliance with Regulation 31A (6)(c) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, LKP Securities has informed the stock exchange that Mr. Doshi's shareholding will cease to be part of the promoter/promoter group category following his demise.

Company Action

LKP Securities has initiated the process for the required regulatory reclassification of these shares. The company has submitted the necessary details to the BSE Limited as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, along with relevant SEBI circulars.

About LKP Securities

LKP Securities Ltd. is a financial services company with its registered office in Mumbai. The company operates under the single SEBI registration number INZ000216033 for NSE/BSE/MSEI operations.

This development marks a significant change in the ownership structure of LKP Securities and may have implications for the company's future governance and operations.

LKP Securities Limited , a prominent player in the Indian financial services sector, has reported robust financial results for the first quarter and announced plans for a significant preferential share issue.

Q1 Financial Highlights

For the quarter ended June 30, LKP Securities demonstrated strong performance across key financial metrics:

• Consolidated revenue from operations decreased to Rs 2,786.26 crore, down from Rs 3,070.79 crore in the same quarter last year.
• Profit before tax rose to Rs 595.32 crore, compared to Rs 567.89 crore in Q1 of the previous fiscal year.
• Net profit for the quarter stood at Rs 440.42 crore, showing growth from Rs 411.06 crore year-over-year.
• The company's earnings per share (EPS) for the quarter was Rs 0.54, indicating improved profitability.

Preferential Share Issue

In a significant move to bolster its capital base, LKP Securities' Board of Directors has approved a preferential issue of equity shares. The key details of the proposed issue are:

• Up to 47,62,000 fully paid-up equity shares will be issued.
• The issue price is set at Rs 21 per share, including a premium of Rs 19 per share.
• The total amount to be raised through this issue is approximately Rs 10 crore.
• The shares will be allotted to Mahendra Doshi, representing the promoter group, on behalf of the partnership firm M/s L K Panday.

This preferential issue is subject to shareholder approval, which will be sought through a postal ballot. The funds raised are intended for investment in Bond Street Capital Private Limited and for general corporate purposes.

Impact on Shareholding

Post-allotment, the promoter group's shareholding in LKP Securities is expected to increase from 71.04% to 72.62%. Specifically, Mahendra Doshi's stake (on behalf of M/s L K Panday) will rise from 23.92% to 28.08%.

Management Commentary

Pratik M Doshi, Managing Director of LKP Securities, commented on the results and the share issue: "Our strong Q1 performance reflects the robustness of our business model and the trust our clients place in us. The proposed preferential issue will further strengthen our capital base, enabling us to capitalize on growth opportunities and enhance shareholder value."

The company will seek shareholder approval for the preferential issue through a postal ballot, with e-voting scheduled from July 26 to August 24.

LKP Securities continues to focus on its core business of stock broking and related financial services, positioning itself for sustained growth in the dynamic Indian financial market.