Shareholder Meeting/Outcome of Postal Ballot
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LKP Finance Limited (BSE Scrip Code: 507912) conducted a postal ballot via remote e-voting from 24th May 2025 to 22nd June 2025, seeking shareholder approval for a material related party transaction with Mufinpay Payments Solutions Private Limited. The company has 5,634 shareholders holding a total of 12,568,623 shares as of the cut-off date (16th May 2025). Only 14,942 votes were polled (0.12% of outstanding shares), and the resolution was passed with 99.71% in favour (14,899 votes) and just 0.29% against (43 votes). Notably, neither promoters (holding 1,250,085 shares) nor public institutions (holding 553,768 shares) participated in the voting.
The related party transaction with Mufinpay Payments Solutions Private Limited has been approved by shareholders, though the very low voting participation (0.12%) means the decision was effectively made by a small group of retail public shareholders. Investors should monitor the terms of this RPT for any governance concerns, as material related party transactions warrant close scrutiny.