Krowniq Limited has accepted the resignations of its Chief Financial Officer, Shrigopal Kandoi, and its Company Secretary and Compliance Officer, Kinjal Rathod. The board of directors approved these changes during a meeting held on September 28, 2026.

Kandoi resigned from the position of CFO with immediate effect from September 28, 2026. In his resignation letter, he cited personal reasons as the sole cause for stepping down and confirmed that no other material reasons existed for his departure.

Rathod’s resignation was effective from August 14, 2026. She stepped down due to personal reasons, specifically citing career improvement and growth opportunities. Her resignation letter also confirmed that there were no other material reasons for her cessation.

Disclosure Details

The company filed disclosures pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The following table summarizes the key details provided in the regulatory filings:

The board meeting commenced at 1:30 pm and concluded at 2:00 pm. The Managing Director, Jitendra Kumar Ranka, signed the outcome letter submitted to BSE Limited.

Krowniq Limited (formerly Lykis Limited) reported a sharp recovery in profitability for the first quarter of FY26, with standalone net profit jumping 513% year-on-year to ₹3.83 crore. The Mumbai-based exporter of FMCG and cosmetics products posted consolidated revenue from operations of ₹126.68 crore for the quarter ended June 30, 2026, marking an 89% increase compared to ₹67.15 crore in Q1FY25. This strong performance follows a change in control and management during the quarter, including the appointment of Jitendra Kumar Ranka as Managing Director on May 25, 2026.

The Board of Directors approved the unaudited financial results on August 11, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by statutory auditors J A S S & Co. LLP (formerly Singrodia & Co. LLP) in accordance with Standard on Review Engagements (SRE) 2410. The company also announced the incorporation of three new wholly owned subsidiaries—Parshav Infra Market Private Limited, Tidagela Industries Private Limited, and Exnora Trade Private Limited—in June 2026.

Financial Performance

Standalone revenue from operations rose 122% YoY to ₹99.39 crore, up from ₹44.82 crore in Q1FY25. Other income increased to ₹3.08 crore from ₹0.58 crore in the corresponding period last year. Total expenses stood at ₹97.26 crore, compared to ₹46.38 crore in Q1FY25. The profit before tax was ₹5.21 crore, against a loss of ₹0.98 crore in Q1FY25. After accounting for total tax expenses of ₹1.39 crore, the net profit for the period reached ₹3.83 crore.

On a consolidated basis, revenue from operations was ₹126.68 crore, compared to ₹67.15 crore in Q1FY25. Total income reached ₹129.65 crore. Expenses totaled ₹124.37 crore. The consolidated profit before tax was ₹5.28 crore, versus a loss of ₹0.46 crore in the previous year. Net profit attributable to owners of the company was ₹3.90 crore, resulting in a basic and diluted EPS of ₹2.01 per share, compared to a loss of ₹0.24 per share in Q1FY25.

Corporate Developments

The company officially changed its name from Lykis Limited to Krowniq Limited, effective July 30, 2026, following shareholder approval on July 15, 2026. A new Certificate of Incorporation was issued by the Registrar of Companies on that date. Additionally, the registered office address was shifted to Goregaon (East), Mumbai, effective June 15, 2026.

During the quarter, the company created a provision for doubtful debt and advances of ₹45.60 lakh in both standalone and consolidated results, included under other expenses. The consolidated results include five subsidiaries, with total assets of ₹36.75 crore and revenue of ₹27.35 crore for the quarter, as reviewed by other auditors.