Lykis Ltd — Important, 25-05-2026: Company Update

Lykis Limited's board has approved significant changes in its leadership and board composition. Mr. Nadir Dhrolia has resigned as Managing Director to pursue alternate career opportunities. Ms. Darshana Sawant also stepped down as Company Secretary & Compliance Officer for similar reasons. Additionally, Mr. Amit Mallawat resigned as an Independent Director due to professional commitments. To strengthen the board, Mr. Jitendra Kumar Ranka was appointed as an Executive Director, bringing extensive experience in real estate and capital markets. Mr. Nishant Bajaj, a Law Graduate and Company Secretary, also joined as a Non-Executive Director, marking a notable restructuring of key roles.