Lykis board approves CMD appointment, name change to Krowniq, MOA overhaul

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-0.6%1-day move

₹45.90

prior close

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AI summary

Lykis Ltd's board on June 15, 2026 approved several key changes: Jitendra Kumar Ranka appointed Chairman & MD; 2 independent directors (Kinjal Gandhi, Radhika Agarwal) and 1 non-executive director (Nishant Bajaj) regularised; company to rename to Krowniq Limited; MOA overhauled to shift focus from tea/agriculture to FMCG, packaging, and trading; auditor JASS & Co re-appointed for 2nd 5-year term; KTPS & Co named internal auditor for FY26-27. Borrowing limit set at Rs 100 crore, investment/loan limit at Rs 200 crore. All items subject to AGM approval.

Likely market impact

Major corporate restructuring - new CMD, brand rename to Krowniq, and pivot from tea to FMCG/trading. Awaiting shareholder approval at AGM.