Lykis Ltd — Important, 01-04-2026: Company Update

Lykis Limited announced the resignation of Mrs. Mangala Prabhu as a Non-Executive Independent Director. She stated 'change in management' as the reason for her departure, confirming there are no other material reasons. Independent Directors are vital for robust corporate governance, offering objective oversight and safeguarding shareholder interests. This change in board composition is significant and could prompt investors to consider its implications for future strategic direction and stability.