Lykis Limited has announced several significant decisions following a board meeting held on September 18, 2025. The company's Board of Directors approved multiple key initiatives that are set to impact its financial operations and strategic direction.

Material Related Party Transaction

The board has given the green light to a material related party transaction with Lykis Exports LLC, a wholly-owned subsidiary of Lykis Limited. This transaction involves loan arrangements and financial support to meet the working capital requirements of Lykis Exports LLC. The approved transaction value is set at Rs. 90.00 Crore, to be conducted over a one-year period.

Increased Investment and Loan Limits

In a move to enhance the company's financial flexibility, the board has approved an increase in the limits for granting loans, making investments, and providing guarantees under Section 186 of the Companies Act, 2013. The new limit has been set at Rs. 90.00 Crores, aligning with the value of the related party transaction.

Sale of Trademarks

The board has also given its approval for the sale of trademarks registered in the company's name. While specific details about the trademarks or the potential buyers were not disclosed, this decision could potentially impact the company's brand portfolio and intellectual property assets.

Postal Ballot Notice

Additionally, the board has authorized the issuance of a postal ballot notice. This suggests that the company may seek shareholder approval for certain matters, although the specific items to be voted on were not detailed in the announcement.

Transaction Details

According to the disclosure provided under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the transactions with Lykis Exports LLC will be conducted in the normal course of business. The company stated that these transactions will adhere to terms and conditions that are generally prevalent in the industry segments in which Lykis Limited operates.

The board meeting, which commenced at 04:30 P.M. and concluded at 06:35 P.M., marks a significant day for Lykis Limited as it sets the stage for expanded financial operations and strategic moves in the coming year.

Lykis Limited has unveiled significant changes to its leadership structure alongside the approval of its financial results for the quarter ended June 30, 2025. The company's Board of Directors, in a meeting held on August 6, 2025, made several key decisions that signal a new chapter for the organization.

Leadership Overhaul

In a notable shift, Mr. Nadir Dhrolia has been re-appointed as Chairman & Managing Director, subject to shareholder approval. This appointment, effective from November 14, 2025, is set for a five-year term. Mr. Dhrolia brings over two decades of experience in the FMCG segment, with particular expertise in African markets.

The board has also welcomed three new directors:

• Mr. Amit Mallawat and Mr. Mitesh Agrawal join as Non-Executive Independent Directors.
• Mr. Deep Shah takes on the role of Non-Executive Non-Independent Director.

All three appointments are effective from August 6, 2025, for a five-year term, pending shareholder approval.

These appointments come in the wake of Mr. Shafeen Charania's resignation from his position as Chairman and Non-Executive Non-Independent Director, effective August 6, 2025.

Committee Reconstitution

Following these leadership changes, Lykis has reconstituted its board committees:

Audit Committee

Chaired by Mr. Kairav Trivedi, with Mrs. Mangala Prabhu, Mr. Rajendra Singhvi, Mr. Amit Mallawat, and Mr. Mitesh Agrawal as members.

Stakeholder Relationship Committee

Chaired by Mr. Rajendra Singhvi, with Mr. Rajesh Nambiar, Mr. Kairav Trivedi, Mr. Amit Mallawat, and Mr. Mitesh Agrawal as members.

Corporate Social Responsibility Committee

Led by Mr. Rajesh Nambiar, with Mr. Nadir Dhrolia, Mr. Kairav Trivedi, and Mr. Amit Mallawat as members.

Nomination and Remuneration Committee

Chaired by Mrs. Mangala Prabhu, with Mr. Rajesh Nambiar and Mr. Mitesh Agrawal as members.

Financial Results and Annual General Meeting

The Board has approved the standalone and consolidated unaudited financial results for Q1 FY2026 (quarter ended June 30, 2025). These results are prepared in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Lykis Limited has scheduled its 41st Annual General Meeting (AGM) for September 25, 2025, to be held via video conferencing. In preparation for the AGM, the company's share transfer books will be closed from September 19 to September 25, 2025 (both days inclusive).

E-voting Details

For shareholders participating in the AGM, the e-voting period has been set from September 22, 2025 (9:00 AM) to September 24, 2025 (5:00 PM), with the cut-off date for e-voting eligibility set as September 18, 2025.

Corporate Governance

The Board has also approved the Director's Report, Management Discussion and Analysis Report, and Corporate Governance Report for the financial year ended March 31, 2025, underlining the company's commitment to transparency and good governance practices.

As Lykis Limited embarks on this new phase with a restructured leadership team, stakeholders will be keenly watching how these changes impact the company's strategic direction and performance in the coming quarters.