Lykis Ltd: Board Approves CMD Appointment, Name Change
Lykis Ltd announced key management changes and a significant rebranding following a Board of Directors meeting. Mr. Jitendra Kumar Ranka has been appointed as Chairman & Managing Director, effective May 25, 2026, pending shareholder approval. The company also approved the regularization of two Non-Executive Directors, Mr. Nishant Nathmal Bajaj and Ms. Kinjal Bhavin Gandhi, and Ms. Radhika Amit Agarwal as Independent Director, all effective from late April/May 2026. Furthermore, the company plans to change its name to 'Krowniq Limited' and re-adopt its Memorandum and Articles of Association, subject to member approval. The re-appointment of J A S S & CO LLP as statutory auditors and KTPS & Co. as internal auditors were also approved. Limits for borrowings, loans, and asset disposals were set, along with provisions for related party transactions.
Key Highlights
- Jitendra Kumar Ranka appointed Chairman & MD, effective May 25, 2026.
- Company to rebrand to 'Krowniq Limited' subject to member approval.
- Two Non-Executive Directors and two Independent Directors regularized.
- Statutory and Internal Auditors re-appointed for upcoming terms.
- Limits set for borrowings, asset disposals, and related party transactions.
Price Impact
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