Corporate Action- Fix Record Date of Right Issue
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LKP Finance Ltd has fixed Thursday, September 11, 2025 as the record date for its proposed rights issue. The company plans to raise up to Rs. 126 crores by issuing up to 27,93,027 fully paid-up equity shares at Rs. 450 per share, which includes a premium of Rs. 440 over the Rs. 10 face value. Eligible shareholders will receive 6 rights equity shares for every 27 shares held on the record date. The rights issue will open on September 18, 2025 and close on September 25, 2025. Post full subscription, the total equity shares will rise from about 1.26 crore to about 1.54 crore, implying roughly 22% dilution.
Shareholders who hold shares on or before the record date of September 11, 2025 will be eligible for the rights entitlement and can subscribe to additional shares at Rs. 450 each. If fully subscribed, the promoter/non-participating shareholders will see their stake diluted by around 22%. The stock may trade ex-rights shortly after the record date.