Outcome of Board Meeting dated August 06, 2025
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Lykis Ltd's Board approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). On a standalone basis, revenue from operations fell sharply to Rs. 4,481.62 lakhs from Rs. 7,175.53 lakhs in Q1 FY25, and the company slipped into a loss of Rs. 98.18 lakhs against a profit of Rs. 83.23 lakhs a year ago. Consolidated revenue rose modestly to Rs. 6,715.45 lakhs but the company reported a loss of Rs. 46.02 lakhs versus a profit of Rs. 82.47 lakhs in the year-ago quarter. The Board also approved the re-appointment of Mr. Nadir Dhrolia as Chairman & Managing Director for five years and appointed three new directors — Mr. Amit Mallawat and Mr. Mitesh Agrawal as Independent Directors, and Mr. Deep Shah as a Non-Executive Non-Independent Director. The Board accepted the resignation of Mr. Shafeen Charania as Chairman (Non-Executive Director), fixed September 25, 2025 as the date for the 41st AGM via video conferencing, and noted the disposal of investments in two associate companies, Lykis Biscuits Pvt Ltd and Lykis Packaging Pvt Ltd.
Weak Q1 results with a steep YoY revenue drop and a swing to losses are negative for the stock in the near term. The board-level reshuffle is routine but adds some governance uncertainty, while the disposal of associate companies signals continued restructuring of the group.