Outcome of Right Issue Committee Meeting held today
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LKP Finance Ltd's Right Issue Committee approved the allotment of 27,93,027 fully paid-up equity shares at ₹450 per share (including a ₹440 premium over the ₹10 face value). This is part of the rights issue of up to ₹126 crores that was originally approved by the Board on June 27, 2025, with terms finalised on September 5, 2025. Following this allotment, the company's paid-up equity share capital has risen to 1,53,61,650 shares (₹15.37 crores) from 1,25,68,623 shares (₹12.57 crores). The increase in share count represents approximately 22% dilution for existing shareholders.
The allotment is now complete, meaning the dilution is final and existing shareholders' ownership percentage is reduced by roughly 22%. The company has successfully raised around ₹125.7 crores, which should strengthen its capital base, though share price may face short-term pressure due to the expanded share base.