Lyka Labs Limited has informed the Exchange regarding Board meeting held on September 29, 2025.
LYKALABS · price
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Lyka Labs' Board met on September 29, 2025, and approved two key items. First, the company will redeem 108,570 10% Cumulative Redeemable Preference Shares of Rs. 100 each, which were due for redemption. Second, Mr. Shailendra Kumar Agrawal has been appointed as the new Company Secretary & Compliance Officer and designated as a Key Managerial Personnel (KMP), effective October 1, 2025. Mr. Agrawal is a qualified Company Secretary (FCS 12104), law graduate, and MBA with 15 years of experience in legal, compliance, and secretarial functions. The Board meeting ran from 12:15 pm to 1:30 pm, and the intimation was signed by Yogesh Shah, Executive Director and CFO.
The preference share redemption fulfils a pre-existing obligation and is a routine capital action. The new KMP appointment strengthens the company's compliance function, which is a positive governance signal for shareholders.