Description

LKP Finance Ltd announces rights issue of 6 equity shares for every 27 shares held at Rs 450 per share, with ex-rights trading commencing September 11, 2025.

Summary

LKP Finance Ltd (BSE Code: 507912) has announced a rights issue with a record date of September 11, 2025. The company will issue 6 equity shares of Rs 10 each at a premium of Rs 440 per share (total Rs 450 per share) for every 27 equity shares held. Trading in the company’s shares will be conducted on ex-rights basis from September 11, 2025.

Key Points

  • Rights ratio: 6 new shares for every 27 existing shares held
  • Issue price: Rs 450 per share (Rs 10 face value + Rs 440 premium)
  • Record date: September 11, 2025
  • Ex-rights trading commences: September 11, 2025
  • Settlement number: DR-713/2025-2026
  • Securities type: Dematerialized securities under rolling settlement

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Trading members must conduct all transactions in LKP Finance Ltd shares on ex-rights basis from September 11, 2025
  • Trading members are required to take note of the record date and ex-rights trading arrangements

Important Dates

  • September 11, 2025: Record date for rights issue eligibility
  • September 11, 2025: Ex-rights trading basis commences
  • Settlement DR-713/2025-2026: Applicable settlement for the ex-rights trading

Impact Assessment

The rights issue will dilute existing shareholding but provides existing shareholders the opportunity to maintain their proportional ownership by subscribing to additional shares. The ex-rights adjustment will likely result in a theoretical price adjustment to reflect the rights value. Trading members need to ensure proper handling of ex-rights transactions from the specified date.

Impact Justification

Rights issue affects existing shareholders and trading basis, moderate impact on stock price and trading