Lykis Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/04/2025 ,inter alia, to consider and approve 1. Appointment of Secretarial Auditor; 2. ....
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Awaiting price reaction for this filing.
Lykis Ltd has informed BSE about a Board meeting on April 23, 2025, to consider three key items: (1) appointment of a Secretarial Auditor for compliance purposes, (2) sale of the company's stake in two associate companies — Lykis Biscuits Private Limited and Lykis Packaging Private Limited, and (3) transfer of Investment Allowance Utilized Reserve to General Reserves. The notice is signed by Managing Director Nadir Dhrolia. The sale of stakes in associate companies is the most material item, suggesting the company is looking to exit or reduce exposure in these subsidiaries.
For shareholders, the proposed divestment from the two associate companies is the key item to watch — it could mean the company is restructuring its portfolio or unlocking value from non-core subsidiaries. The reserve transfer is mainly an accounting reclassification and the auditor appointment is routine compliance. Overall, no direct positive or negative impact on share price is expected from this intimation alone, though details of the stake sale (buyers, valuation) at the board meeting will be important.