LKP Securities Limited has issued a postal ballot notice seeking shareholder approval for the formal appointment of two Independent Directors who were previously appointed by the Board of Directors on October 31, 2025.

Postal Ballot Process

The company has sent the postal ballot notice to shareholders whose names appear in the Register of Members/List of Beneficial Owners as of the cut-off date of December 12, 2025. The notice has been distributed only via email to shareholders with registered email addresses with the Depository Participants/Company/Registrar and Share Transfer Agent.

Director Appointments Seeking Approval

The postal ballot seeks shareholder approval for two key appointments made by the Board on October 31, 2025:

1. Mr. Dara J. Kalyaniwala (DIN: 03311200)

• Appointed as Additional Director to serve as Non-Executive Independent Director
• Term: Five years from October 31, 2025 to October 30, 2030
• Qualification: Bachelor of Commerce from University of Rajasthan, Chartered Accountant
• Experience: Over 30 years in Equity Capital Markets
• Previous Role: Head-Investment Banking and Executive Director at PL Capital Markets Pvt. Ltd. (2008-2024)
• Current Position: Management Consultant specializing in strategy, finance, and equity capital markets
• Other Directorship: Independent Director of Sintercom India Limited

2. Mr. Vineet Suchanti (DIN: 00004031)

• Appointed as Additional Director to serve as Non-Executive Independent Director
• Term: Five years from October 31, 2025 to October 30, 2030
• Qualification: MBA from University of Rochester, NY, USA; B.Com from University of Mumbai
• Experience: Over 25 years in Investment Banking and Capital Markets
• Current Role: Founder and Managing Director of Keynote
• Other Directorships: Multiple companies including Keynote Fincorp Limited, Keynote Financial Services Limited, and Keynote Capitals Limited

Compliance and Governance

Both directors have provided necessary declarations confirming they meet the independence criteria under the Companies Act, 2013 and SEBI Listing Regulations. The company has confirmed that neither director is debarred by SEBI or any other authority from holding directorial positions.

Scrutinizer and Results

The company has appointed M/s V.R. Associates, Practicing Company Secretaries (ACS 7731, CP No. 4731), as the Scrutinizer for conducting the postal ballot process. The results will be submitted to BSE Limited within two working days from the conclusion of the e-voting period and will be displayed on the company's website at www.lkpsec.com .

The resolutions, if approved by the requisite majority through remote e-voting, will be deemed to have been duly passed on January 17, 2026. This postal ballot represents a crucial step in formalizing the board appointments and strengthening LKP Securities' corporate governance framework.

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.