LKP Securities Limited has successfully concluded its postal ballot process with shareholders approving both independent director appointments through remote e-voting. The company announced the results on January 19, 2026, following the completion of the e-voting period that concluded on January 17, 2026.

Postal Ballot Results Overview

The postal ballot process, conducted through CDSL's remote e-voting platform, witnessed significant participation from shareholders. Both resolutions seeking approval for independent director appointments were passed with overwhelming support.

Director Appointment Results

Resolution 1: Mr. Dara J. Kalyaniwala (DIN: 03311200) The appointment of Mr. Kalyaniwala as Non-Executive Independent Director received strong shareholder support.

Resolution 2: Mr. Vineet Suchanti (DIN: 00004031) The second resolution for Mr. Suchanti's appointment also secured requisite majority approval.

Director Profiles and Terms

Mr. Dara J. Kalyaniwala brings over 30 years of experience in Equity Capital Markets. A Chartered Accountant and Bachelor of Commerce from University of Rajasthan, he previously served as Head-Investment Banking and Executive Director at PL Capital Markets Pvt. Ltd. from 2008-2024. He currently works as a Management Consultant specializing in strategy, finance, and equity capital markets.

Mr. Vineet Suchanti contributes over 25 years of experience in Investment Banking and Capital Markets. He holds an MBA from University of Rochester, NY, USA, and B.Com from University of Mumbai. He is the Founder and Managing Director of Keynote and serves on multiple company boards including Keynote Fincorp Limited and Keynote Financial Services Limited.

Compliance and Governance Framework

Both directors have been appointed for a five-year term from October 31, 2025, to October 30, 2030. The appointments strengthen LKP Securities' corporate governance framework, with both directors meeting independence criteria under the Companies Act, 2013, and SEBI Listing Regulations.

The successful completion of this postal ballot process represents a significant milestone in LKP Securities' governance enhancement, with the newly appointed independent directors expected to contribute their extensive industry expertise to the company's strategic direction and oversight functions.

Significant Shareholding Change at LKP Securities

LKP Securities Limited has reported a substantial change in its shareholding structure following the transmission of shares from the late Mr. Mahendra V. Doshi to his son, Pratik M. Doshi, the company's Managing Director and promoter.

Details of the Transmission

The transmission, which occurred following the demise of Mr. Mahendra V. Doshi on September 17, 2025, involved a total of 92,58,107 equity shares. The breakdown of the transmitted shares is as follows:

Impact on Pratik Doshi's Shareholding

As a result of this transmission, Pratik Doshi's shareholding in LKP Securities has seen a significant increase:

Regulatory Compliance

It's important to note that this acquisition falls under the SEBI regulations for transmission, succession, or inheritance. As such, it is exempted from open offer requirements, ensuring compliance with regulatory standards.

Promoter and Promoter Group Shareholding

Despite the individual change in Pratik Doshi's shareholding, the consolidated shareholding of the Promoter and Promoter Group remains unchanged:

This transmission marks a significant shift in the individual shareholding pattern of LKP Securities' top management, while maintaining the overall promoter group stake in the company.