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 fixed for September 11, 2025. The company will issue 6 equity shares of Rs 10 each at a premium of Rs 440 per share for every 27 equity shares held by existing shareholders.
Key Points
- Rights ratio: 6 new shares for every 27 existing shares held
- Face value: Rs 10 per share
- Premium: Rs 440 per share (total price Rs 450 per share)
- Record date: September 11, 2025
- Ex-rights trading starts: September 11, 2025
- Settlement number: DR-713/2025-2026
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members must conduct transactions on ex-rights basis from September 11, 2025
- All equity share transactions must reflect the ex-rights status from the specified date
- Trading members are required to take note of the corporate action
Important Dates
- Record Date: September 11, 2025
- Ex-Rights Date: September 11, 2025
- Settlement: DR-713/2025-2026
Impact Assessment
Existing shareholders will have the opportunity to purchase additional shares at Rs 450 per share. The ex-rights trading arrangement ensures proper price adjustment in the market to reflect the rights entitlement. This corporate action will potentially increase the company’s equity base and provide additional capital for business operations.
Impact Justification
Rights issue affects existing shareholders with specific record date and ex-rights trading arrangements