Board appoints new Chairman & MD; company to rename to Krowniq Limited

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Price reactionminutes from the announcement price · days from the prior close

+0.5%Reaction day

₹45.90

prior close

₹46.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-0.0% vs market

Trading & Distributors peers, median of 133sector+0.0%+0.5% vs sector

On the reaction day the stock moved in line with Nifty Microcap 250 and 0.5 pts more than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.9

10m

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15m

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30m

+4.7

Sessions after the filingfrom the prior close

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Reaction day

+0.5+0.6-0.0+0.0+0.5

Next day

-0.6+1.7-2.3+0.0-0.6

-3.6+2.1-5.7+0.0-3.6

-3.9+3.0-6.9+0.0-3.9

-4.1+3.8-8.0+0.6-4.7

-2.0+3.1-5.1+0.0-2.0

-3.0+2.4-5.4+0.0-3.0

15d

-3.1+1.3-4.3-3.0-0.0

-2.0+3.9-5.8-2.1+0.2

+10.7+7.4+3.2-3.1+13.8

+6.7+5.6+1.1-6.5+13.2

UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 133Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.