Intimation of retirement of Independent Director on completion of term.
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Lykis Ltd has informed BSE that Mr. Kairav Trivedi has completed his term as an Independent Director, with his tenure ending at the close of November 13, 2025. Following this, he also stepped down as Chairman of the Audit Committee and as a member of the Stakeholders' Relationship Committee and Corporate Social Responsibility Committee. The reason cited is simply the natural completion of his directorship term, with no other reasons or concerns flagged. Mr. Trivedi held no shares in the company and the change does not involve any inter-se director or KMP relationship.
This is a routine, non-disruptive board change. Shareholders may see a brief gap in committee composition until a replacement is appointed, but there is no governance red flag or material impact expected on the stock.