Notice of Postal Ballot.
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LKP Finance Limited (BSE Scrip Code 507912) has issued a Postal Ballot Notice dated March 26, 2026, seeking shareholder approval through remote e-voting for a Special Resolution to amend its Memorandum of Association (MOA). The proposed change involves deleting several existing object clauses covering activities such as merchant financing, underwriting, investments in securities, financial consultancy, registrar and share transfer services, leasing and hire purchase finance, receiving deposits, and managing investment pools/mutual funds. According to the Explanatory Statement, these clauses relate to the company's earlier business as a Non-Banking Financial Company (NBFC), which has been wound down following the voluntary surrender of its Certificate of Registration. RBI issued a letter dated March 20, 2026 confirming cancellation of the NBFC registration. The cut-off date for voting eligibility is March 20, 2026; e-voting runs from March 28 to April 26, 2026, with results to be declared by April 28, 2026.
This is largely a housekeeping exercise to align the company's constitutional documents with its current business scope after exiting NBFC operations. It carries no immediate material impact on shareholders or stock price, but confirms that LKP Finance has formally stepped away from core NBFC activities and is repositioning itself under a different business model.