Intimation for appointment of Independent director.
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LKP Finance Ltd's board, at a meeting on April 3, 2025, approved the appointment of Ms. Meenu Sharma (DIN: 10825075) as an Additional Independent Director for a term of 5 years, subject to shareholder approval. Ms. Sharma is a qualified Company Secretary with 7 years of experience in corporate governance and compliance. The board also approved shifting the registered office from Maharashtra to Haryana, moving its books-of-accounts address to Delhi, and applying for listing of equity shares on NSE (currently listed only on BSE). Additionally, multiple board committees (Audit, Nomination & Remuneration, Stakeholder Relationship, and CSR) were reconstituted, and enabling approvals were passed for borrowing limits under Section 180, loans/investments under Sections 185-186, and related-party transactions under Section 188, all subject to shareholder approval via postal ballot.
The new independent director adds corporate governance expertise to the board. The planned NSE listing could improve trading liquidity and stock visibility for retail shareholders, while the office relocation to Haryana and the postal ballot indicate ongoing strategic restructuring. Near-term share price impact is likely limited as most decisions require shareholder ratification.