Notice of Postal Ballot.
GYFTR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
LKP Finance Limited has sent a Postal Ballot Notice to shareholders seeking approval through e-voting for two resolutions. The first resolution proposes increasing the authorized share capital from Rs. 30 crore to Rs. 110 crore, split into 10 crore equity shares of Rs. 10 each and 10 lakh redeemable preference shares of Rs. 100 each. The second resolution proposes issuing bonus shares in the ratio of 4:1 (four new equity shares for every one share held), by capitalizing Rs. 61.45 crore from the Securities Premium Account. As of December 31, 2025, the company's free reserves stood at around Rs. 126.59 crore, comfortably covering the bonus issue requirement. E-voting runs from January 21, 2026 to February 19, 2026, with results to be announced by February 23, 2026.
If approved, each existing shareholder will receive 4 additional shares for every share held, expanding their holding fivefold (the share price typically adjusts downward proportionally). The authorized capital increase also gives the company flexibility for any future fundraising or further corporate actions.