GYFTRBSEGyftr LtdMediumNeutral
Announced Wed, 3 Jun · 13:15 IST

Amendment in Memorandum of Association of the Company.

GYFTR · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-0.9%1-day move
₹182.20
prior close
₹177.20
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.1-0.9-3.4-1.2-3.4-4.4-2.4-8.4-4.0
Up moveDown movePending
AI summary

Gyftr Ltd (formerly LKP Finance Limited) has amended its main objects clause in the Memorandum of Association to formally reflect a shift away from finance into digital gifting, rewards management, e-commerce, and fintech. Members approved the change via a Special Resolution through postal ballot on April 26, 2026. The company's CIN has been updated from L65990MH1984PLC032831 to L74900MH1984PLC032831 to match the new NIC code. New permitted businesses include gift card/voucher platforms, loyalty programmes, software and APIs for digital rewards, and operating as a Payment Aggregator for merchants.

Likely market impact

This is a formal confirmation that the company has completed its business pivot from a legacy finance entity (LKP Finance) into a digital gifting and fintech platform (Gyftr). Shareholders may view this positively as it aligns the company's legal structure with its new operating focus, potentially opening doors to fintech partnerships and Payment Aggregator licensing, though no immediate financial impact is expected from the amendment itself.