Lykis Limited appoints Company Secretary, director resigns

Lykis Limited announced the appointment of Ms. Kinjal Rathod as Company Secretary and Compliance Officer, effective June 01, 2026. The Board of Directors approved the appointment during a meeting held on June 01, 2026, at the company's registered office in Andheri West, Mumbai. Additionally, the Board noted the resignation of Mr. Rajesh Nambiar from his position as Non-Executive Independent Director, effective May 28, 2026.

The meeting, which commenced at 02:45 P.M. and concluded at 03:15 P.M., was conducted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosures regarding the change in directorship and the new appointment were made in accordance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Resignation of Independent Director

Mr. Rajesh Nambiar resigned due to pre-occupation and other professional commitments, stating he could not devote sufficient time to effectively discharge his duties. He confirmed that there are no material reasons for his resignation other than those cited in his letter dated May 28, 2026. Mr. Nambiar does not hold directorships in any other listed entities.

Sr. No.	Particulars	Details
1	Reason for change	Resignation due to pre-occupation and professional commitments
2	Date of cessation	May 28, 2026
3	Brief profile	Not Applicable
4	Relationship with directors	Not Applicable
5	Letter of resignation	Enclosed
6	Directorships in other listed entities	Does not hold directorship in any other listed entities
7	Confirmation on material reasons	Confirmed no other material reasons exist

Appointment of Key Managerial Personnel

Ms. Kinjal Rathod has been appointed as the Company Secretary and Compliance Officer, designated as Key Managerial Personnel. She is a qualified Company Secretary and a member of the Institute of Company Secretaries of India (ICSI) with membership number A64403. Ms. Rathod brings over four years of professional experience in corporate governance, legal compliance, and corporate management, particularly within listed companies.

Sr. No.	Particulars	Details
1	Reason for change	Appointment of Company Secretary and Compliance Officer
2	Date of appointment	June 01, 2026
3	Brief profile	Qualified CS (ICSI) with over 4 years of experience in corporate governance and compliance
4	Relationship with directors	Not Applicable

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.32%	-0.66%	+1.44%	+32.01%	+35.13%	+32.90%

M/s. Parshav Vatika LLP, along with Persons Acting in Concert (PAC) M/s. K8 Products LLP and M/s. Tidagela Ventures Private Limited, has acquired a 67.17% stake in Lykis Limited . The acquirer and PACs purchased 1,30,15,167 equity shares through a combination of off-market transactions and a mandatory open offer dated May 25, 2026. This acquisition transfers control of the target company to the acquirer, who will become the promoter upon completion of regulatory compliances under SEBI regulations.

The transactions were executed pursuant to a Share Purchase Agreement dated December 18, 2025, and a mandatory open offer for 26% of the equity shares. The off-market route accounted for 1,30,14,966 equity shares, while the open offer resulted in the acquisition of 201 equity shares. The total equity share capital of Lykis Limited stands at ₹19,37,51,550, divided into 1,93,75,155 equity shares of ₹10 each. The filing was made to comply with Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The table below outlines the specifics of the acquisition and the resulting shareholding structure.

Particulars	Details
Target Company	Lykis Limited
Acquirer	M/s. Parshav Vatika LLP
PACs	M/s. K8 Products LLP, M/s. Tidagela Ventures Private Limited
Total Shares Acquired	1,30,15,167
Percentage Acquired	67.17%
Mode of Acquisition	Off market purchase and Open Offer
Date of Acquisition	May 25, 2026
Pre-acquisition Holding	Nil
Post-acquisition Holding	67.17%

Post-Transaction Holding

Following the acquisition, the acquirer and PACs collectively hold 67.17% of the total paid-up share capital of Lykis Limited. The existing promoter will relinquish control and management in favor of the acquirer and PACs. The acquirer is required to complete compliances under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, subject to exemptions provided therein. The disclosure was signed by Jitendra Kumar Ranka, Designated Partner of Parshav Vatika LLP, on May 26, 2026.