Lykis Ltd — Important, 07-03-2026: Company Update

Lykis Limited reports an open offer by Parshav Vatika LLP, K8 Products LLP, and Tidagela Ventures Private Limited to acquire up to 26% (5.04 Crore shares) of its voting share capital at ₹34.50 per share. The offer, totaling ₹17.38 Crore if fully accepted, follows an agreement to acquire 67.17% from the current promoter for ₹24.75 Crore. Upon completion, the acquirers will assume control as new promoters. Independent Directors will provide their view on the offer for shareholders. The offer opens on March 17, 2026, and closes on April 02, 2026. This acquisition is set to significantly change the company's ownership structure and management.