Gyftr Ltd Expands Business Scope, Updates Corporate ID with MCA

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AuthorVihaan Mehta|Published at:
Gyftr Ltd Expands Business Scope, Updates Corporate ID with MCA
Overview

Gyftr Limited has updated its Corporate Identification Number with the MCA following shareholder approval to expand its business. New activities include digital gifting, tech services, and payment aggregation.

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Gyftr Ltd Revises Corporate ID, Expands Business Scope

Gyftr Limited has officially updated its Corporate Identification Number (CIN) with the Ministry of Corporate Affairs (MCA). This revision follows a change in the company's National Industrial Classification (NIC) code to align with its evolving business operations.

What Just Happened

The company has amended its Memorandum of Association (MOA) to include new business activities, post a Special Resolution passed by shareholders via Postal Ballot on April 26, 2026. These include digital and physical gifting platforms, software development and API integration for loyalty systems, and payment aggregation services.

Why This Matters

This update signifies Gyftr's formal entry into fintech verticals such as payment aggregation and digital gifting. The regulatory path is now cleared for these high-growth business areas, signaling a strategic shift for the company formerly known as LKP Finance Limited.

The Backstory

Gyftr Limited, previously LKP Finance Limited, has been undergoing a transition. Shareholders have already approved the expansion of the company's business objectives through a postal ballot, indicating support for the new strategic direction.

What Changes Now

The company's regulatory profile is updated to reflect its broader business objectives. This allows Gyftr to actively pursue and operate within the digital rewards, loyalty management, and payment processing sectors.

Reader Takeaway

Procedural update confirms fintech transition; shareholders approved strategy. Focus is on execution and scaling new business lines.

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