Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015.
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Awaiting price reaction for this filing.
Lykis Ltd has completed its exit from two associate companies — Lykis Biscuits Pvt Ltd and Lykis Packaging Pvt Ltd — effective June 11, 2025. Both stake transfers were made to Mr. Mohan Rajpal Jain, an independent buyer with no connection to the promoter group, through share transfer forms (no separate sale agreement). The company received a total consideration of Rs. 29,180 for Lykis Biscuits and Rs. 4,29,323 for Lykis Packaging, which are nominal amounts. Both associates had negligible financial contribution, with Lykis Biscuits reporting negative total income of Rs. 1,18,700 and a negative net worth of Rs. 26.03 lakh, and Lykis Packaging reporting total income of Rs. 21,628 with a net worth of Rs. 91.75 lakh.
The divestment is financially immaterial for shareholders given the tiny consideration and minimal contribution of both associates to Lykis Ltd's revenue and net worth. The stock is unlikely to see any meaningful reaction, though the move cleans up the company's associate structure.