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The Board of Lykis Ltd, at its meeting on September 18, 2025, approved four key items. First, a Material Related Party Transaction with Lykis Exports LLC, which is the company's wholly-owned subsidiary, for working capital and other business support, capped at Rs 90 crore over a 1-year period. Second, the Board raised the company's Section 186 limits for granting loans, investments, and guarantees to Rs 90 crore. Third, it approved the sale of trademarks currently registered in the company's name. Finally, a Postal Ballot notice was issued to seek shareholder approval on these matters.
These are primarily housekeeping and funding-related decisions rather than operational milestones. The trademark sale is the most material item for minority shareholders since it could translate into a one-time inflow or a loss of brand-related revenue; shareholders will get to vote on it via the postal ballot.