Outcome of Postal Ballot
Price
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LKP Securities conducted a postal ballot (notice dated December 18, 2025; voting ran December 19, 2025 to January 17, 2026) to seek shareholder approval for two special resolutions. Both resolutions — appointing Mr. Dara J. Kalyaniwala (DIN 03311200) and Mr. Vineet Suchanti (DIN 00004031) as Independent Directors — were passed with overwhelming majority. Out of 8.23 crore total shares, 5.87 crore votes were polled (71.35% participation). Both resolutions received 99.98% votes in favour and just 0.02% against. Promoter group (holding 5.85 crore shares) voted 100% in favour, while public non-institutional shareholders showed 95.39% and 94.73% support respectively. The results were declared on January 19, 2026 based on the scrutinizer's report.
The board now has two new Independent Directors on board, strengthening corporate governance. The near-unanimous approval reflects strong shareholder confidence and is a routine procedural outcome with no material impact on stock price or business operations.