Lykis board clears MD appointment, auditor re-appointment, name change to Krowniq

Ceo Appointed ExternalManagement Changes View source PDF Explain this filing

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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

timing

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

Stock

+0.9

10m

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15m

+0.9

30m

+4.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

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

-3.0+2.4-5.4+0.0-3.0

15d

-3.1+1.3-4.3-3.0-0.0

-2.0+3.9-5.8-2.1+0.2

+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

Board approved: Jitendra Kumar Ranka as Chairman & MD (effective May 25, 2026); regularisation of 1 non-executive and 2 independent directors; re-appointment of JASS & Co LLP as statutory auditors for 2nd 5-year term; name change from Lykis Limited to Krowniq Limited; new MOA/AOA; borrowing limit of Rs 100 crore and investment/loan limit of Rs 200 crore; RPT approvals up to Rs 20 crore p.a. with related parties. All subject to AGM approval.

Likely market impact

Major board reshuffle, rebranding to Krowniq, and expanded business objects signal strategic shift; all key items need shareholder nod at 42nd AGM.