LKP Finance Ltd. Board Approves Alteration of Memorandum of Association
LKP Finance Ltd. announced on March 26, 2026, that its Board of Directors has approved a proposed alteration to the Main Object Clause of the company’s Memorandum of Association. The change, which requires shareholder approval, involves the deletion of existing Clause III (A) and Clause III (B) related to Non-Banking Financial Company (NBFC) activities. These activities include merchant financing, underwriting, investment in securities, consultancy services, registrar and share transfer activities, and leasing/hire purchase, aligning with a revised business direction for the company.The Board also approved the Notice of Postal Ballot and related matters for items needing shareholder approval. The Board meeting commenced at 3:30 P.M. and concluded at 4:00 P.M.
Furthermore, the company appointed M/s. Abhay K & Associates, with Mr. Abhay Kumar as Proprietor, as Scrutinizer for the Postal Ballot.
Rishi Arya, Company Secretary & Compliance Officer, provided the information.
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