Notice of Postal Ballot and its related information
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
LKP Securities Ltd has issued a Postal Ballot notice seeking shareholder approval (via remote e-voting) for a preferential issue of up to 47,62,000 fully paid-up equity shares of Rs. 2 each at Rs. 21 per share (including Rs. 19 premium), aggregating up to approximately Rs. 10 crore. The shares are proposed to be allotted to Mahendra Doshi (on behalf of partnership firm M/s L K Panday) under the Promoter category. The proceeds will be used for investment/acquisition of equity shares of Bond Street Capital Private Limited and for general corporate purposes. The issue price of Rs. 21 is higher than the floor price of Rs. 20.90 determined under SEBI ICDR Regulations and an independent valuation report dated July 25, 2025. E-voting runs from July 26, 2025 (9:00 a.m.) to August 24, 2025 (5:00 p.m.), with the cut-off date being July 18, 2025.
If approved, this preferential allotment will lead to equity dilution for existing public shareholders and increase the promoter group's stake. The capital raise supports the company's acquisition plans for Bond Street Capital and general funding needs. Shareholders must cast their votes electronically before August 24, 2025, as no physical ballot forms will be sent.