Announced Mon, 15 Jun · 17:56 IST
Lykis board clears MD appointment, auditor re-appointment, name change to Krowniq
Price
▲ 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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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-0.6-3.6-3.9-4.1-2.0-3.0-3.1-2.0——
Up moveDown movePending
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.