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

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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

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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

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15m

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30m

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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

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15d

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+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

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.