Lyka Labs Limited has informed the Exchange regarding Outcome of Board Meeting held on March 31, 2026.

Auditor Resigned MidtermManagement Changes View source PDF

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AI summary

Lyka Labs' board, at its meeting on March 31, 2026, approved the appointment of M/s. Nidhi Subhash Tibrewala & Co. (FRN 005417), Cost Accountants, as the new Cost Auditor. This appointment fills a casual vacancy caused by the resignation of the previous cost auditor, M/s. Rajaram M Walavalkar & Co., for the financial year 2025-26. The same firm has also been appointed as Cost Auditor for the financial year 2026-27. The new auditor is a Mumbai-based firm of practicing cost accountants. The board meeting ran from 12:00 pm to 1:35 pm.

Likely market impact

The change is administrative and routine — a cost auditor (not statutory auditor) was replaced mid-term and a new one appointed for the next year. No material impact expected on shareholders or the stock price.