Postal Ballot- Scrutinizer Report along with Voting Result
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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LKP Finance Limited has completed its postal ballot process, with all 17 resolutions passed by shareholders. The e-voting period ran from April 9, 2025 to May 8, 2025, with a turnout of about 10.84% of outstanding shares (13.62 lakh shares voted out of 1.26 crore). Every resolution received over 99.87% support, with very few dissenting votes (typically 1-2 shareholders holding 1,650-1,750 shares voting against). The resolutions cover a broad agenda: appointment of new directors (Mr. Umesh Aggarwal as Director and Whole-Time Director, Mr. Kapil Garg, Mrs. Gunjan Jain) and independent directors (Mr. Hemant Bhageria, Mr. Manoj Kumar Bhatt, Ms. Meenu Sharma), shifting of the registered office from Maharashtra to Haryana, six material related party transactions with group entities (Mufin Green Finance, Hindon Mercantile, Bimapay Finsure, Mufinpay Payment Solutions, Hedge Money, Mufin Technologies), expanding lending/investment limits under Section 186, transactions under Section 185, and increasing borrowing and security limits under Section 180(1)(C) and 180(1)(A).
The successful voting formalises a new board composition, relocates the registered office to Haryana, and gives the company expanded flexibility for related party dealings and higher borrowings. For shareholders, the changes signal a restructuring push but the very low public voting participation (~1% of public non-institutional shareholding) means outcomes were driven largely by promoter votes, and the broader RPT/b borrowing authorisations may warrant close monitoring for governance risk.