Lykis Limited , a diversified company, has announced its unaudited financial results for the quarter and half year ended September 30, 2025, along with significant corporate actions. The company has completed the disposal of its investments in several associate companies, marking a strategic shift in its portfolio.

Financial Highlights

• Lykis Limited reported a standalone net loss of Rs. 0.46 lakhs.
• The consolidated results showed a net profit of Rs. 0.59 lakhs.
• The company generated a net profit of Rs. 0.38 lakhs from the disposal of its investment in Lykis Herbals Private Limited.

Corporate Actions

Divestment of Associate Companies

• Lykis Limited has completed the disposal of its entire investments in two associate companies:
  • Lykis Biscuits Private Limited
  • Lykis Packaging Private Limited
• The company also divested its stake in Lykis Herbals Private Limited.

Trademark Sale Approval

• The Board of Directors has approved the sale of all company trademarks.
• These trademarks have been classified as assets held for sale.

Consolidated Results

• The consolidated financial results include the performance of subsidiaries:
  • Lykis Export LLC UAE
  • Goldspan Exports Private Limited

Board Meeting Details

The financial results and corporate actions indicate that Lykis Limited is undergoing significant changes in its business structure. The divestment of associate companies and the decision to sell company trademarks suggest a potential restructuring or refocusing of the company's core business activities.

As per regulatory requirements, the company has submitted its unaudited financial results and limited review report to the BSE Limited, ensuring transparency and compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Lykis Limited , a publicly traded company, has successfully concluded a postal ballot through remote e-voting, with results announced on October 21, 2025. The shareholders have given their approval to two significant resolutions, demonstrating strong support for the company's proposed actions.

Voting Results

The postal ballot saw a participation rate of 68.83% of the total outstanding shares, which amounts to 19,375,155. Both resolutions passed with an overwhelming majority of 97.85% votes in favor. Here's a breakdown of the voting results:

Key Resolutions

Material Related Party Transaction

An ordinary resolution was passed approving a material related party transaction with Lykis Exports LLC. This approval allows the company to engage in significant business dealings with its related entity, potentially enhancing operational synergies.

Investment and Financial Powers

A special resolution was approved, authorizing the company to make investments, provide loans, offer guarantees, and furnish security beyond the statutory limits set under Section 186 of the Companies Act, 2013. This expanded financial flexibility could enable Lykis Limited to pursue strategic opportunities more effectively.

Postal Ballot Process

The postal ballot notice was dispatched to shareholders on September 20, 2025, with September 12, 2025 set as the record date. The company engaged National Securities Depository Limited (NSDL) to facilitate the e-voting process, ensuring a secure and efficient voting mechanism.

Komal Birmiwala, a Practicing Company Secretary, served as the scrutinizer for the voting process, overseeing the integrity and accuracy of the ballot.

Implications

The strong shareholder support for both resolutions indicates confidence in the company's management and strategic direction. The approval for related party transactions and enhanced financial powers could potentially lead to new business opportunities and improved operational flexibility for Lykis Limited.

These developments may be of particular interest to investors and market analysts monitoring the company's corporate governance practices and strategic initiatives.

Lykis Limited's successful completion of this postal ballot process demonstrates its commitment to shareholder engagement and compliance with regulatory requirements, including those set by the Securities and Exchange Board of India (SEBI) and the Companies Act, 2013.