Board approves name change to Krowniq, new CMD and director appointments
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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.
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Lykis Ltd's board approved changing the company name to Krowniq Limited, subject to shareholder approval. Jitendra Kumar Ranka was appointed Chairman & Managing Director from May 25, 2026. Two independent directors (Kinjal Gandhi, Radhika Agarwal) and one non-executive director (Nishant Bajaj) were regularised. JASS & Co was reappointed as statutory auditor for a second 5-year term. Borrowing limit up to Rs 100 crore and related-party transaction limits up to Rs 200 crore were approved, alongside broader business objects covering FMCG, construction materials, and packaging.
Name change and widened business scope suggest a strategic pivot beyond tea. New CMD and higher debt limits indicate expansion plans ahead.