LKP Finance Ltd

AGM details

• Date and time: September 29, 2026, 03:30 PM IST, via VC/OVM
• Shareholders on record: 6,868
• Video attendance: 2 promoters, 55 public

Resolutions and outcomes

• Standalone financials for year ended Mar 31, 2026: passed
• Consolidated financials for year ended Mar 31, 2026: passed
• Director retire by rotation; eligible for re-appointment: passed
• Appoint Arvind Prabakar as non-executive director: passed
• Appoint Puja Punj as non-executive director: passed
• Approve material related party transactions with Vouchagram India Private Ltd: passed
• Approve material related party transactions with Mufin Green Finance Ltd: passed
• MOA alteration to include new object clause: passed

Auditors and governance

• Adoption of statutory auditors' reports for standalone and consolidated statements
• No auditor changes disclosed

AGM Details

• Date/time/mode: 29 Sep 2026, 3:30 PM IST via VC/OAVM.
• Deemed venue: registered office, Mumbai.
• Chair elected: Arvind Prabhakar.
• Quorum confirmed; meeting validly constituted.

Key resolutions

• Adoption of standalone financial statements for FY2025-26; voting outcome not disclosed.
• Adoption of consolidated financial statements for FY2025-26; voting outcome not disclosed.
• Re-appointment of Arvind Prabhakar (retiring by rotation); outcome not disclosed.
• Appointment of Arvind Prabhakar as Non-Executive Director; outcome not disclosed.
• Appointment of Puja Punj as Non-Executive Director; outcome not disclosed.
• Approval of related party transactions with Vouchgram India Private Limited; outcome not disclosed.
• Approval of related party transactions with Mufin Green Finance Limited; outcome not disclosed.
• Special Resolution: alteration of MOA to include new object clause.

Director changes

• Arvind Prabhakar elected AGM chair.
• Arvind Prabhakar re-appointed as Non-Executive Director.
• Puja Punj appointed as Non-Executive Director.

Gyftr Ltd trading window closed from Thursday, October 01, 2026 until 48 hours after the announcement of unaudited financial results for the quarter and half year ending September 30, 2026.

Channel partner rewards partnership

• Gyftr enters partnership with Balaji Action Buildwell Private Limited to power its channel partner rewards program.
• The partnership aims to power Gyftr's rewards and gifting programme for channel partners.
• No financial terms disclosed.
• Announcement date: September 23, 2026.

Financial snapshot

• Revenue from operations: ₹396.36 crore (FY2024-25: ₹7.38 crore).
• EBITDA: ₹32.48 crore; YoY from ₹-3.20 crore.
• PAT: ₹18.39 crore; up 78% YoY.
• EPS: ₹2.66; improved from ₹1.39.
• Net worth: ₹481.81 crore; up from ₹346.80 crore.
• Cash flow from operating activities: ₹11.68 crore.
• Rights issue gross proceeds: ₹125.6862 crore.
• Bonus issue: 6,14,46,600 equity shares (4:1).
• Company renamed Gyftr Limited; NBFC exit completed.

Business transformation & strategy

• RBI NBFC license surrendered; NBFC operations exited.
• Name change from LKP Finance Limited to Gyftr Limited (effective Apr 6, 2026).
• MOA expanded to include software, SaaS, and travel-ticketing integrations.
• Strategic diversification: LLC conversions, voucher issuance, ONDC, merchandise, HRMS/R&R plugins.

Capital structure & ownership

• Rights issue: 27,93,027 shares at ₹450; premium ₹440.
• Bonus issue: 6,14,46,600 equity shares (4:1).
• Authorized capital increased to ₹11,000 Lakh; paid-up capital ₹7,680.83 Lakh.
• Promoter Hindon Mercantile Limited holds 49.97%.

Governance & leadership

• Board comprised of six members; woman independent director on board.
• Arvind Prabhakar and Puja Punj appointed as non-executive directors effective Aug 14, 2026.
• Statutory Auditor: Parv & Co; Secretarial Auditor: Abhay K & Associates; Internal Auditor: Neeraj Bansal.
• Independent Directors met; governance reforms completed.

Related party transactions

• Material RPTs with VIPL; current year ₹168 Crores; 630.74% of annual turnover.
• Approval sought for related party transactions with VIPL in 2026-27 up to ₹2,500 Crores.
• Mufin Green Finance Limited: last year ₹380.58 Crores; current year up to quarter ₹0.27 Crores.

Audit flags & risk

• Standalone and consolidated audit opinions qualified due to lender confirmations not obtained.
• NBFC exit noted; RBI cancellation of CoR; disclosures updated.
• Secretarial audit reports with no qualifications; board processes deemed adequate.

CSR & ESG

• CSR spend ₹51.00 L; mandatory ₹50.84 L; excess ₹0.16 L.
• CSR activities in education, healthcare, environment; implemented through CSR partners.

Outlook & opportunities

• Opportunities from digital gifting ecosystem, LLC conversions, voucher issuance via group PPI.
• Plans to expand ONDC, merchandise, physical gifting, social commerce, and HRMS/R&R solutions.

Financial results

• Approved unaudited standalone and consolidated financial results for quarter ended 30 June 2026.
• Limited Review Report by PARV & Co enclosed.

Board and governance

• Appointed Arvind Prabhakar as Additional Non-Executive Director, effective 14 August 2026.
• Appointed Puja Punj as Additional Non-Executive Director, effective 14 August 2026.
• Kapil Garg and Gunjan Jain resigned as Non-Executive Non-Independent Directors, effective 14 August 2026.
• They resigned from all committee memberships.

Regulatory and accounting matters

• NBFC operations discontinued; RBI surrendered NBFC license with effect from 20 March 2026.
• Auditors noted basis for qualified conclusion due to garnishee order related to Kingfisher Finvest borrowings.
• Income from NBFC activities reclassified to Other Income after NBFC surrender.
• Emphasis of Matter: NBFC surrender disclosed in notes.

Associate/Consolidation

• Mufinpay Payment Solutions Private Limited became an associate; equity method applied from Dec 12, 2025.
• Holding company's share of associate's profit/OCI recognized for Apr-Jun 2026.

Agreement with Punjab National Bank

• Agreement with Punjab National Bank executed on 14 August 2026.
• Purpose: develop microsite for PNB CC holders to buy Gift Vouchers and Coupons with payment gateway.
• Tenure: Three years.
• Consideration: Not Applicable.
• Related party: No.
• Transaction is in the ordinary course.