Please find the attached intimation for In-principle approval received from BSE.
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 Ltd has received in-principle approval from BSE for issuing 6,14,46,600 bonus equity shares of Rs. 10 each in a 4:1 ratio, meaning 4 new shares for every 1 existing share held. The approval is subject to conditions including shareholder approval, payment of additional listing fees, and compliance with SEBI and Companies Act requirements. The bonus shares will be allotted only in dematerialized form. The in-principle approval is an early step; the actual allotment still requires shareholder approval and fulfillment of other regulatory conditions. Note: The headline listed 'Gyftr Ltd' as the company, but the filing document is from LKP Finance Ltd (Scrip Code 507912).
Positive sentiment for existing shareholders as the bonus issue rewards shareholders with additional shares, though it does not change the company's overall market value. Expect increased trading activity around the record date once shareholder approval is secured.