LKP Securities Announces Passing of Promoter Mahendra V Doshi, 35.17% Stake to be Reclassified
Mr. Mahendra V Doshi, a Non-Executive Non-Independent Director and promoter of LKP Securities Ltd., passed away on August 6, 2025. He held a 35.17% stake in the company, including 11.25% direct individual holding and 23.92% through a partnership firm. LKP Securities has initiated the process for regulatory reclassification of these shares, which will no longer be part of the promoter/promoter group category.
25Jul 25
LKP Securities Announces Strong Q1 Results and Plans Rs 10 Crore Preferential Share Issue
LKP Securities reported Q1 financial results with consolidated revenue decreasing to Rs 2,786.26 crore, but net profit rising to Rs 440.42 crore. The company's Board approved a preferential issue of up to 47,62,000 equity shares at Rs 21 per share, aiming to raise approximately Rs 10 crore. The issue will be allotted to Mahendra Doshi, representing the promoter group. Post-allotment, the promoter group's shareholding is expected to increase from 71.04% to 72.62%. The funds will be used for investment in Bond Street Capital Private Limited and general corporate purposes.
LKP Securities Limited announced robust Q1 FY24 results with consolidated total income of Rs. 2,800.96 lakhs and PAT of Rs. 440.42 lakhs. The company's Board approved a preferential issue of 47,62,000 equity shares at Rs. 21 per share, raising Rs. 10,00,02,000 to strengthen its capital structure. This will increase promoter group shareholding from 23.92% to 26.08%. The company also allotted 3,66,170 equity shares to employees under stock option plans.