Lyka Labs Limited — Others, 08-07-2025: Shareholders meeting

Lyka Labs Limited has announced a board meeting to consider adoption of the financial results for the quarter and half-year. The company will hold its 46th Annual General Meeting through video conferencing to approve audited financial statements, reappointment of a director retiring by rotation, appointment of Mrs. Archana S Yadav as an Independent Director, and ratification of remuneration for cost auditors for FY 2024-25 and FY 2025-26, each set at Rs. 1.6 lakh plus taxes. Messrs Kaushal Doshi & Associates is proposed as the Secretarial Auditor for five years. Related party transactions for FY 2025-26 up to Rs. 50 Crores with associates and subsidiaries will be approved. Mr. Yogesh B Shah is set for re-appointment as Whole-time Director for three years with a monthly salary up to Rs. 4.5 lakh. The company is introducing “Lyka Labs Limited Employees Stock Option Scheme 2025,” granting up to 7 lakh options (2% of equity capital) to key employees and directors (excluding promoters), aiming to attract and retain talent by linking rewards to performance and share ownership. The stock options carry a vesting period of 1-5 years and exercise price at a maximum 75% discount to market price. The Scheme will be administered by the Nomination and Remuneration Committee.