Lykis Ltd — Important, 02-01-2026: Company Update

Lykis Limited is undergoing a change of control. Acquirer Parshav Vatika LLP, along with K8 Products LLP and Tidagela Ventures Private Limited, is making a mandatory open offer to acquire an additional 26% of Lykis's voting capital, totaling 50.38 Lakh shares, at ₹34.50 per share in cash. This follows their prior acquisition of 67.17% (1.30 Cr shares) of the company from the existing promoter at ₹19.01 per share. Post-offer, the Acquirer group will hold 93.17% control, with public shareholding dropping to 6.83%. The new promoters plan to expand Lykis's trading and distribution business. The company's financial results for the half-year showed revenue of ₹107.59 Cr and a profit of ₹1.37 Cr. An Independent Directors' committee will provide its opinion to shareholders.