Submission of Postal Ballot Notice
GYFTR · price
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LKP Finance Limited has issued a Postal Ballot Notice seeking shareholder approval via remote e-voting (April 9 – May 8, 2025) on 17 resolutions. These include appointment of Mr. Umesh Aggarwal as Whole-time Director for 5 years, appointment of three directors (Kapil Garg, Gunjan Jain), and three independent directors (Hemant Bhageria, Manoj Kumar Bhatt, Meenu Sharma) for 5-year terms. The company proposes shifting its registered office from Maharashtra to Haryana and altering its MoA accordingly. Material related party transactions worth up to Rs 500 crore (Mufin Green Finance), Rs 100 crore each (Hindon Mercantile, Bimapay Finsure, Mufinpay Payment Solutions), and Rs 50 crore each (Hedge Money, Mufin Technologies) are proposed for FY26. The board is also seeking enhanced borrowing, investment, and Section 185/186 limits of up to Rs 1,000 crore each.
Multiple Mufin-group related party transactions suggest closer integration with the Mufin/Gyftr ecosystem, which may indicate a strategic restructuring or rebranding in progress. Shareholders should review the director appointments and the significant expansion of borrowing and investment limits to Rs 1,000 crore, which gives the board substantially more financial flexibility but also higher risk exposure.