Description

LKP Finance Limited submits an undertaking to BSE confirming the timeline for credit and trading of bonus equity shares in a 4:1 ratio, with credit by March 9, 2026 and trading from March 10, 2026.

Summary

LKP Finance Limited (BSE: 507912) has submitted an undertaking to BSE Limited confirming the credit and trading timelines for bonus equity shares approved in a 4:1 ratio — 4 fully paid-up equity shares of face value ₹10 each for every 1 existing equity share of ₹10 each. The letter confirms compliance with applicable SEBI and Companies Act provisions.

Key Points

  • Bonus issue ratio: 4 bonus equity shares for every 1 existing equity share held (4:1)
  • Face value of bonus shares: ₹10/- (Rupees Ten only) per share
  • Bonus shares will be credited to eligible shareholders’ demat accounts by 12:00 Noon on Monday, March 9, 2026 (T+1 of Record Date)
  • Bonus shares will be available for trading from the Beginning of Day (BOD) on Tuesday, March 10, 2026 (T+2)
  • The company will coordinate with depositories, RTA, and stock exchanges to ensure seamless execution
  • Undertaking given by Company Secretary and Compliance Officer, Rishi Arya

Regulatory Changes

No new regulatory changes introduced. This undertaking is issued in compliance with existing frameworks:

  • Companies Act, 2013
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Applicable SEBI circulars and operational guidelines on bonus share timelines

Compliance Requirements

  • LKP Finance Limited must ensure bonus shares are credited to eligible shareholders by 12:00 Noon on March 9, 2026
  • The company must coordinate with depositories and the Registrar and Transfer Agent (RTA) to meet prescribed timelines
  • Bonus shares must be made available for trading at BOD on March 10, 2026
  • All actions must comply with SEBI circulars and stock exchange operational guidelines

Important Dates

  • Record Date (T): Friday, March 6, 2026 (implied; T+1 is Monday, March 9, 2026)
  • Bonus Share Credit Deadline (T+1): Monday, March 9, 2026, by 12:00 Noon
  • Trading Commencement (T+2): Tuesday, March 10, 2026, Beginning of Day (BOD)
  • Circular Date: February 23, 2026

Impact Assessment

Existing shareholders of LKP Finance Limited as of the Record Date (March 6, 2026) will receive 4 additional equity shares for every 1 share held, significantly increasing the total share count and potentially reducing the share price proportionally. The bonus issue does not alter the overall market capitalisation of the company. Shareholders should ensure their demat accounts are updated and active ahead of the record date. The defined T+1 credit and T+2 trading schedule provides clarity on liquidity timelines for bonus shares.

Impact Justification

Routine bonus issue undertaking by LKP Finance Limited; directly impacts existing shareholders via a 4:1 bonus allotment with defined credit and trading timelines, but has no broad market or regulatory implications.