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

The Board has approved a significant strategic overhaul, including a proposed name change from “Lykis Limited” to “Krowniq Limited.” This re-branding aligns with expanding business objectives, shifting focus from agriculture to diverse trading, distribution, and manufacturing in FMCG, plastics, and construction materials. Leadership changes include Mr. Jitendra Kumar Ranka's appointment as Chairman & Managing Director and regularization of three other directors. Financial flexibility is enhanced with increased limits for asset disposal, borrowings, and inter-corporate loans/investments up to Rs. 100-200 Cr, plus approval for various related party transactions. These key decisions, pending shareholder approval, signal a broad corporate repositioning.