Sattva Sukun Lifecare approves name change and EGM for July 22
Sattva Sukun Lifecare Limited's board approved the regularization of Mr. Sachin Bhanubhai Manseta and Mr. Chirag Dedhia as directors and proposed changing the company name to Tavexia Lifecare Limited. The board also approved altering the Memorandum of Association to expand business activities and shifting the registered office within Mumbai effective July 1, 2026. An Extra-Ordinary General Meeting is scheduled for July 22, 2026, to seek shareholder approval for these resolutions.
*this image is generated using AI for illustrative purposes only.
Sattva Sukun Lifecare Limited has approved the regularization of two directors and a proposal to change its name to Tavexia Lifecare Limited, subject to shareholder approval. The board, meeting on June 30, 2026, also sanctioned the alteration of the Object Clause of the Memorandum of Association to include new business activities such as general trading, international consultancy, and research and development centres. An Extra-Ordinary General Meeting (EGM) is scheduled for July 22, 2026, to finalize these decisions.
Director Regularization
The board approved the regularization of Mr. Sachin Bhanubhai Manseta (DIN: 03471126) as a Non-Executive Independent Director and Mr. Chirag Dedhia (DIN: 08583331) as a Non-Executive Non-Independent Director. Both were initially appointed as Additional Directors on April 24, 2026. Their regularization is subject to shareholder approval, with tenures effective from July 22, 2026, for five years. Mr. Chirag Dedhia is liable to retire by rotation.
Name Change and MOA Alteration
Shareholders will vote on a special resolution to change the company name from Sattva Sukun Lifecare Limited to Tavexia Lifecare Limited. The board has also approved alternative names—Trumaxa Lifecare Limited, Trustarex Lifecare Limited, or Tradamex Life Care Limited—subject to availability and approval by the Central Registration Centre and Ministry of Corporate Affairs. The company seeks to alter Clause III(A) of the Memorandum of Association to carry on business as general merchants, international trade consultants, and to establish research and development centres.
Registered Office Shift
The board approved shifting the registered office within Mumbai to Plot No. 2B/1, Ground Floor, Kandivali Co-operative Industrial Estate Ltd., Hindustan Naka, Kandivali (West), effective from July 1, 2026. The company stated the move is for administrative convenience and will not affect business operations.
Key Meeting Details
| Particulars | Details |
|---|---|
| Meeting Date | July 22, 2026 |
| Meeting Time | 2:00 P.M. IST |
| Mode | Video Conferencing / Other Audio Visual Means |
| Remote E-Voting Start | July 19, 2026, 9:00 a.m. IST |
| Remote E-Voting End | July 21, 2026, 5:00 p.m. IST |
| Cut-off Date | July 15, 2026 |
Mr. Brajesh Gupta, Practicing Company Secretary, has been appointed as the Scrutinizer to oversee the e-voting process. The results will be declared within two working days of the meeting's conclusion.
Historical Stock Returns for Sattva Sukun Lifecare
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.30% | +2.63% | +4.00% | -4.88% | -13.33% | -76.00% |
What strategic rationale is driving the shift from 'Sattva Sukun' to 'Tavexia', and how does the new name align with the expanded business objectives?
How will the inclusion of general trading and international consultancy impact the company's core revenue model and risk profile?
What specific R&D initiatives does the company plan to undertake following the alteration of the Memorandum of Association?
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