Lykis Ltd reported a consolidated net profit of ₹672.97 lakh for the financial year ended March 31, 2026, a significant increase from ₹260.99 lakh in the previous year. Operational revenue including other income stood at ₹39661.76 lakh, while profit before tax was ₹821.94 lakh. On a standalone basis, the company recorded a net profit of ₹371.74 lakh on revenue of ₹26289.31 lakh.

The board has approved a change in the company's name from Lykis Limited to Krowniq Limited, subject to regulatory approvals. This follows an open offer by M/s. Parshav Vatika LLP and other acquirers, who acquired 67.17% of the voting share capital from the erstwhile promoter, Mr. Nadir Dhrolia. The open offer for an additional 26% of shares saw 201 equity shares tendered and accepted.

The board met six times during the year under review. The company has reconstituted its board and committees following the change in management and control. Mr. Jitendra Kumar Ranka has been appointed as the Chairman & Managing Director, effective May 25, 2026, subject to shareholder approval. The registered office has been shifted to Goregaon (East), Mumbai.

The company’s subsidiaries include Goldspan Exports Private Limited and Lykis Exports LLC. Lykis Biscuits Private Limited and Lykis Packaging Private Limited ceased to be associates during the year. The directors have not recommended a dividend for the financial year ended March 31, 2026.

Financial Highlights

The audited financial statements were prepared in accordance with Indian Accounting Standards (Ind AS) and SEBI Listing Regulations. M/s J A S S & Co LLP has been re-appointed as the statutory auditor for a second term of five years.

Lykis Ltd has incorporated three wholly-owned subsidiaries to expand its operational footprint. The new entities are Parshav Infra Market Private Limited, Exnora Trade Private Limited, and Tidagela Industries Private Limited. This strategic move follows the company's board meeting outcome disclosed on May 28, 2026.

The disclosure was submitted to BSE on June 22, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that all particulars mentioned in the earlier disclosure remain unchanged. Any subsequent developments regarding these subsidiaries will be communicated to the stock exchanges as required.

Subsidiary Details

The following table outlines the newly incorporated wholly-owned subsidiaries:

The incorporation of these entities aligns with Lykis Ltd's broader business objectives. Further updates will be provided in accordance with regulatory requirements.