Notice of Postal Ballot.
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Awaiting price reaction for this filing.
LKP Finance Limited (BSE: 507912) has issued a Postal Ballot Notice dated October 25, 2025, seeking shareholder approval through remote e-voting for three resolutions. The first (Special Resolution) proposes amending the Memorandum of Association to add new business objects covering digital and physical gifting, reward management, e-commerce platforms, loyalty programmes, and acting as a Payment Aggregator. The second (Ordinary Resolution) seeks approval for material related party transactions with Vouchagram India Private Limited (a fellow subsidiary) of up to Rs. 250 crore for FY 2025-26. The third (Ordinary Resolution) seeks approval for material related party transactions with Mufinpay Payment Solutions Private Limited of up to Rs. 300 crore for FY 2025-26, taking combined related-party exposure sought to Rs. 550 crore. E-voting runs from October 30, 2025 (9:00 AM) to November 28, 2025 (5:00 PM), with results to be declared by December 2, 2025.
The filing signals a strategic pivot from LKP Finance's traditional merchant financing and leasing business into fintech, digital gifting, and payment aggregation through its group ecosystem. Shareholders should note the sizeable related-party transactions (combined Rs. 550 crore) with fellow subsidiaries, which warrant close attention to pricing, governance, and minority shareholder protection.