LKP Securities has announced the passing of Mr. Mahendra V Doshi, a Non-Executive Non-Independent Director and a key promoter of the company.

Mr. Doshi held 9,258,107 equity shares directly and 19,689,579 shares through a promoter group partnership firm, totaling 28,947,686 shares, representing 35.17% of the company's holding.

His demise means he will cease to be part of the promoter/promoter group.

This is an important update for investors as it impacts the promoter shareholding structure of the company.