Notice of Postal Ballot and its related information
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Awaiting price reaction for this filing.
LKP Securities Ltd has issued a Postal Ballot notice dated December 18, 2025, seeking shareholder approval through remote e-voting (via CDSL) for two special resolutions. Item 1 is the appointment of Mr. Dara J. Kalyaniwala (DIN 03311200), a Chartered Accountant with over 30 years of equity capital markets experience (formerly Head of Investment Banking at LKP Securities from 1993–2008), as Non-Executive Independent Director for 5 years (Oct 31, 2025 – Oct 30, 2030). Item 2 is the appointment of Mr. Vineet Suchanti (DIN 00004031), Founder & MD of Keynote with 25+ years in investment banking and capital markets, as Non-Executive Independent Director for the same 5-year term. The cut-off date is December 12, 2025, and the e-voting window runs from December 19, 2025 (9:00 a.m.) to January 17, 2026 (5:00 p.m.). Both directors will draw no remuneration and hold no shares in the company; results will be announced within 2 working days of voting closure.
This is a routine governance action with no financial impact on shareholders. Approval will formalize the induction of two experienced capital markets professionals as Independent Directors, which should strengthen board oversight but is unlikely to materially affect the stock price.