Description
LKP Finance Limited undertakes to credit bonus equity shares in a 4:1 ratio to eligible shareholders by 12:00 Noon on March 9, 2026 (T+1), with trading commencing on March 10, 2026 (T+2).
Summary
LKP Finance Limited (BSE Scrip Code: 507912) has submitted an undertaking to BSE confirming the timelines for credit and trading of bonus equity shares. The company is issuing bonus shares in the ratio of 4:1 — four bonus equity shares of face value ₹10/- for every one existing fully paid-up equity share of face value ₹10/-. The bonus issue has been approved by both the Board of Directors and shareholders.
Key Points
- Bonus ratio: 4:1 — 4 bonus equity shares for every 1 equity share held
- Face value: ₹10/- per share (both existing and bonus shares)
- Credit deadline: Bonus shares to be credited in the depository system by 12:00 Noon on Monday, March 9, 2026 (T+1, next working day after Record Date)
- Trading commencement: Bonus shares available for trading at Beginning of Day (BOD) on Tuesday, March 10, 2026 (T+2)
- Compliance basis: Companies Act 2013, SEBI (LODR) Regulations 2015, and applicable SEBI circulars
- Company Secretary and Compliance Officer: Rishi Arya
- Registered office: 203 Embassy Centre, Nariman Point, Mumbai 400021
Regulatory Changes
No new regulatory changes introduced. This circular is an undertaking confirming adherence to existing SEBI circulars and Stock Exchange operational guidelines governing the credit and trading timelines for bonus shares.
Compliance Requirements
- LKP Finance Limited must ensure bonus shares are credited to eligible shareholders’ demat accounts via the depository system no later than 12:00 Noon on March 9, 2026.
- The company must coordinate with Depositories, Registrar and Transfer Agent (RTA), and Stock Exchanges to ensure seamless credit and trading within prescribed timelines.
- Bonus shares must be made available for trading on all relevant Stock Exchanges at BOD on March 10, 2026.
Important Dates
| Event | Date |
|---|---|
| Circular date | February 23, 2026 |
| Record Date (T) | Friday, March 6, 2026 (implied) |
| Bonus share credit deadline (T+1) | Monday, March 9, 2026 (by 12:00 Noon) |
| Bonus share trading commencement (T+2) | Tuesday, March 10, 2026 (BOD) |
Impact Assessment
Existing shareholders of LKP Finance Limited (Scrip Code: 507912) will receive 4 additional equity shares for every 1 share held as of the Record Date, resulting in a significant increase in the total number of shares outstanding. Post-bonus, the share price is expected to adjust proportionally (theoretical ex-bonus price ≈ 1/5th of pre-bonus price). The undertaking confirms operational readiness and regulatory compliance. Impact is limited to existing shareholders; broader market impact is low.
Impact Justification
Routine bonus issue undertaking for a single mid-cap NBFC; operationally significant for existing shareholders of LKP Finance but limited broader market impact.