LKP Finance Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/08/2025 ,inter alia, to consider and approve the raising of funds by way of ....
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LKP Finance Ltd has informed BSE that its Board of Directors will meet on Wednesday, August 27, 2025, to consider and approve raising of funds through private placement of unlisted, secured, non-convertible debentures (NCDs). The proposed issue is within the borrowing limits already approved by shareholders via a postal ballot held on May 10, 2025. No details on issue size, number of NCDs, or coupon rate have been disclosed yet — these are expected to be finalized at the board meeting.
This is a debt-raising announcement rather than equity dilution, so shareholder ownership is not immediately at risk. The stock may see mild movement post board meeting once issue size and pricing are disclosed, which will indicate whether the company is leveraging at attractive or expensive rates.