Submission of Postal Ballot Notice.
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Awaiting price reaction for this filing.
LKP Finance Limited has issued a Postal Ballot Notice seeking shareholder approval for a material related party transaction with Mufinpay Payment Solutions Private Limited (a fellow subsidiary). The proposed limit is being raised from the earlier Rs. 100 Crores to Rs. 500 Crores for FY 2025-26, covering services, financial assistance, purchase of loans/exposures, and inter-corporate deposits. The transaction value is more than 100% of the company's annual turnover for FY 2024-25, making it a material RPT under SEBI Listing Regulations. E-voting runs from May 24, 2025 (9:00 a.m.) to June 22, 2025 (5:00 p.m.) via CDSL, with results to be declared by June 24, 2025. Promoter Group entities are barred from voting on this resolution, which is being sought as an Ordinary Resolution.
The sharp scale-up of the related-party exposure limit (5x increase to Rs. 500 Crores) signals deepening intra-group financial activity that exceeds LKP Finance's own turnover, which could heighten governance scrutiny and concentration risk for minority shareholders. Outcome depends on non-promoter shareholder approval via e-voting; rejection or weak support could constrain the group's funding flexibility.