Lyka Labs Limited has informed the Exchange about Change in Company Secretary/Compliance Officer
LYKALABS · price
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Awaiting price reaction for this filing.
Lyka Labs reported weaker Q1 FY26 (June 2025) results, with standalone revenue from operations at Rs 2,917.64 lakhs (down from Rs 3,010.47 lakhs in Q1 FY25) and net profit falling to Rs 81.42 lakhs from Rs 174.96 lakhs a year ago. Consolidated revenue was Rs 3,302.54 lakhs with a net profit of Rs 99.62 lakhs (vs Rs 128.95 lakhs YoY). Standalone EPS dropped to Rs 0.22 from Rs 0.49. The Board accepted the resignation of Mr. Shekhar R Singh as Company Secretary and Compliance Officer, effective July 30, 2025; he is leaving to pursue an external career opportunity and will assist with the upcoming 46th AGM to ensure a smooth handover. Sudit K Parekh & Co. LLP was appointed as Internal Auditor for FY 2025-26. A note also flags a Rs 68.48 lakh write-off by subsidiary Lyka BDR International due to a product quality claim.
The sharp YoY drop in net profit (over 50% on a standalone basis) and continued revenue softness are negative signals for near-term earnings, though results remain profitable. The departure of a KMP (Company Secretary) is noteworthy but described as amicable with a transition plan in place, so the immediate governance risk appears limited. Investors should watch for a successor appointment and any impact on AGM-related disclosures.