Lykis Limited shareholders approved changing the company name to Krowniq Limited at its 42nd Annual General Meeting held on July 15, 2026, via video conferencing. The meeting sanctioned alterations to the Memorandum of Association (MOA) and Articles of Association (AOA) to rationalise object clauses and align with the Companies Act, 2013. These changes mark a strategic shift in the company's business activities towards trading, distribution, and manufacturing, moving away from the tea garden business.

The resolutions passed included the deletion of existing clauses related to the tea garden business and the addition of new objects focusing on trading, distribution, and manufacturing. The company will now engage in activities such as acting as a broker, dealer, and distributor for FMCG products, plastic products, and construction materials. Additionally, the business will encompass the manufacturing of packaging products and direct selling of various commodities.

Key Resolutions

The members approved the re-adoption of the MOA and AOA to reflect these changes. The amendments were driven by the need to comply with recent updates in SEBI regulations and the Companies Act, 2013. The renumbering of articles in the AOA was also undertaken to maintain chronological order.

Voting Results

All 16 resolutions tabled at the AGM were passed with the requisite majority. Key approvals included the adoption of financial statements for the year ended March 31, 2026, the re-appointment of M/s. J A S S & CO LLP as statutory auditors for a second term of 5 years, and the appointment of Mr. Jitendra Kumar Ranka as Chairman & Managing Director. The scrutinizer's report confirmed the voting results, which will be posted on the BSE Ltd website, NSDL's e-voting website, and the company's website within two working days.

Meeting Details

The AGM commenced at 03:00 p.m. IST and concluded at 04:09 p.m. IST. Remote e-voting was conducted from July 12, 2026, to July 14, 2026. A total of 13,262,192 votes were polled, representing 68.4495% of the outstanding shares. Promoter and Promoter Group held 13,015,167 shares, while Public Non-Institutions held 6,359,988 shares.

Lykis Limited has re-appointed J A S S & CO LLP as its statutory auditors for a second term of five years. The decision was approved by the members at the Annual General Meeting held on July 15, 2026. The firm will serve from the conclusion of the 42nd AGM until the conclusion of the 47th AGM.

The re-appointment was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. J A S S & CO LLP, formerly known as Singrodia & Co LLP, provides assurance, taxation, regulatory advisory, and transaction advisory services. The firm serves local and multinational clients, including large corporates, SMEs, and owner-managed businesses.

The disclosure was submitted to BSE Limited on July 15, 2026. The company confirmed there is no relationship between the auditors and its directors that requires disclosure under the regulations.