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LKP Securities Ltd sought shareholder approval via a Postal Ballot (notice dated December 18, 2025) for two special resolutions: appointment of Mr. Dara J. Kalyaniwala and Mr. Vineet Suchanti as Independent Directors. Remote e-voting ran from December 19, 2025 to January 17, 2026, with 71.35% of total shares (5.87 crore out of 8.23 crore) participating. Promoters (holding 5.85 crore shares) voted 100% in favour of both resolutions. Among public non-institutional shareholders, 95.39% backed Kalyaniwala's appointment and 94.73% backed Suchanti's appointment. Overall, both resolutions passed with 99.98% votes in favour. The scrutinizer confirmed the results on January 19, 2026.
Both independent director appointments have been approved with overwhelming shareholder support, strengthening the board's composition. Minimal public dissent (under 5.3%) suggests no significant governance concerns, and the high promoter participation reinforces management's stability. No immediate material impact on stock price is expected.