Postal Ballot- Scrutinizer report along with voting Result
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 Limited conducted a postal ballot via remote e-voting from 24th May to 22nd June 2025 to seek shareholder approval for a material related party transaction with Mufinpay Payment Solutions Private Limited. Out of 5,634 shareholders on record as of the cut-off date (16th May 2025), only 28 shareholders cast votes, totalling 14,942 votes or just 0.12% of the company's 1.25 crore outstanding shares. The ordinary resolution passed with overwhelming support: 14,899 votes (99.71%) in favour from 24 members versus just 43 votes (0.29%) against from 4 members. Notably, promoter/promoter group shareholders (holding 12.5 lakh shares) and public institutional shareholders (holding 5.54 lakh shares) did not participate in the voting at all. Scrutinizer CS Abhay Kumar confirmed the resolution was passed with the requisite majority.
The company has secured shareholder clearance to proceed with the material related party transaction with Mufinpay Payment Solutions Private Limited, though the extremely low turnout of just 0.12% of outstanding shares means the mandate, while technically valid, reflects participation from a very small base of non-institutional retail shareholders.