Announced Mon, 15 Jun · 16:46 IST
Board appoints new Chairman & MD; company to rename to Krowniq Limited
Management Changes View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
-0.6%1-day move
₹45.90
prior close
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base price
After-mkt
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AI summary
Board appointed Mr. Jitendra Kumar Ranka as Chairman & MD (subject to AGM approval). Two independent directors and one non-executive director were regularised. Company to rename from Lykis Limited to Krowniq Limited. J A S S & Co LLP re-appointed as statutory auditor for 5-year second term. Approved Rs 100 crore borrowing limit and Rs 200 crore investment/loan limit, plus related party transactions. All key items pending 42nd AGM approval.
Likely market impact
Leadership change at top, company rebranding to Krowniq, and expanded borrowing/investment powers signal growth plans pending shareholder nod.