Lykis Ltd — Important, 15-06-2026: Company Update

The board approved several key decisions, including appointing Mr. Jitendra Kumar Ranka as Chairman & Managing Director and regularizing three other directors. J A S S & CO LLP was re-appointed as statutory auditors for a second term, and M/s. KTPS & Co. was named as internal auditors. A significant proposed change is the company's name to 'Krowniq Limited,' along with updates to its business objectives to include trading in FMCG, plastic products, and construction materials. New financial limits were set: up to 100 Cr for selling assets and borrowings, and up to 200 Cr for loans and investments. Related party transactions with subsidiaries and KMP-influenced entities were also approved with annual limits. Most changes are subject to shareholder approval.