Outcome of Board Meeting
Price
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Awaiting price reaction for this filing.
LKP Securities reported Q1FY26 standalone revenue from operations of Rs. 2,752.91 lakhs, down about 9.7% from Rs. 3,047.10 lakhs in Q1FY25, mainly due to lower interest and fee/commission income on a sequential comparison. Despite the top-line dip, standalone profit after tax rose to Rs. 431.67 lakhs (vs Rs. 409.75 lakhs, up ~5.4%) aided by lower fees/commission expenses and other costs, taking standalone EPS to Rs. 0.53. Consolidated PAT was Rs. 440.42 lakhs with EPS of Rs. 0.54, and the limited review report from MGB & Co. LLP is clean with no qualifications. The Board also approved a preferential issue of 47.62 lakh equity shares at Rs. 21 each (face value Rs. 2, premium Rs. 19), aggregating about Rs. 10 crore, to Mahendra Doshi on behalf of promoter group firm M/s L K Panday, taking promoter holding to ~26.08%. A postal ballot notice was approved to seek shareholder approval for this preferential allotment.
Q1 results show a mixed picture—revenue softness but margin-led profit growth, which is mildly positive. The Rs. 10 crore preferential issue to promoters at Rs. 21 per share will dilute existing shareholders by roughly 5.8% and increase promoter stake, but it strengthens the company's capital base; near-term stock reaction may be neutral to slightly negative due to dilution.