The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hindon Mercantile Ltd
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Hindon Mercantile Limited, which is set to become the promoter of LKP Finance Limited, has acquired 1,00,722 equity shares representing 0.80% of the paid-up capital via a Share Purchase Agreement dated August 28, 2024, with the intimation dated June 9, 2025. Hindon Mercantile's stake in LKP Finance rose from 59.30% to 60.11%, and together with PAC Kapil Garg (0.13%), the acquirer group's combined holding increased from 59.43% to 60.24%. LKP Finance has an equity share capital of Rs. 12.57 crore, divided into 1,25,68,623 shares of Rs. 10 each listed on BSE (Scrip Code: 507912). The acquirer and PAC are both classified as 'Going to become Promoter', indicating a formal promoter transition for the company.
The incoming promoter group has firmed up control above the 60% mark, which tightens the float available in the stock and signals a stable, concentrated ownership structure going forward. Shareholders should expect reduced free-float liquidity but stronger promoter stewardship.