BSELykis LtdLowNeutral
Announced Mon, 25 Aug · 14:11 IST

Notice of 41st Annual General Meeting.

Board & Shareholder Meetings View source PDF

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AI summary

Lykis Limited has issued the notice for its 41st Annual General Meeting, scheduled for Thursday, September 25, 2025 at 11:00 AM via Video Conferencing, for the financial year ended March 31, 2025. Ordinary business includes adoption of standalone and consolidated financial statements, while special business covers the re-appointment of Mr. Nadir Dhrolia as Chairman & Managing Director for 5 years effective November 14, 2025, with a proposed monthly salary of up to Rs. 7,00,000. Three new director appointments are on the agenda: Mr. Amit Mallawat and Mr. Mitesh Agrawal as Independent Directors for 5-year terms (till August 5, 2030), and Mr. Deep Shah as Non-Executive and Non-Independent Director. The company is also seeking shareholder approval to appoint Ms. Komal Birmiwala as Secretarial Auditor for a 5-year term. Remote e-voting will be open from September 22 to September 24, 2025, with the cut-off date set as September 18, 2025.

Likely market impact

This is a routine AGM notice, but shareholders should note the Managing Director's re-appointment with a Rs. 7 lakh monthly salary and the induction of multiple new directors, which refreshes the board composition ahead of the new fiscal year. Investors are advised to review the director profiles and remuneration details before voting.