Description
LKP Finance Ltd announces rights issue of 6 equity shares for every 27 shares held at Rs 450 per share, with record date September 11, 2025.
Summary
LKP Finance Ltd (Scrip Code: 507912) has announced a rights issue with 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/-) for every 27 equity shares held by existing shareholders.
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 begins: September 11, 2025
- Settlement number: DR-713/2025-2026
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members must execute transactions on ex-rights basis from September 11, 2025
- All trades in LKP Finance equity shares to be settled under dematerialized securities rolling settlement segment
Important Dates
- September 11, 2025: Record date for rights issue eligibility
- September 11, 2025: Ex-rights trading commences
- Settlement DR-713/2025-2026: Applicable settlement cycle
Impact Assessment
The rights issue will dilute existing shareholdings but provides existing shareholders the opportunity to maintain their proportional ownership. The ex-rights trading adjustment may cause temporary price volatility as the stock adjusts to reflect the rights value separation.
Impact Justification
Rights issue affects existing shareholders' holdings and trading patterns for LKP Finance