Lykis Ltd — Important, 01-01-1970: Company Update

Parshav Vatika LLP, along with K8 Products LLP and Tidagela Ventures Private Limited, has announced an open offer to acquire up to 50,37,541 shares, representing 26% of Lykis Limited's voting share capital. Public shareholders can tender their shares at ₹34.50 each, totaling **17.38 Cr**. This mandatory offer follows an agreement to acquire 1,30,14,966 shares (67.17%) from the existing promoter for **24.75 Cr**. The transaction will lead to a change in control, with the acquirers becoming the new promoters of Lykis Limited, offering an exit opportunity for public investors.