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

Parshav Vatika LLP, along with its associates, has announced an open offer to acquire 50,37,541 equity shares, representing a 26.00% stake in Lykis Limited. The offer price is set at ₹34.50 per share, payable in cash, with no revisions. Lykis Limited's Independent Directors Committee reviewed the offer and found it fair, reasonable, and consistent with regulatory parameters. This mandatory open offer provides public shareholders an opportunity to tender their shares. The acquisition window will be facilitated through the BSE stock exchange mechanism.