Please find the attached Intimation for receipt of Resignation Letter from Mr. Amit Mallawat from the post of Independent Director of the Company.
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Mr. Amit Mallawat has tendered his resignation as Non-Executive Independent Director of Lykis Ltd with effect from May 15, 2026. The resignation letter dated May 15, 2026 cites pre-occupation and other professional commitments as the reason for stepping down. The company has received confirmation from Mr. Mallawat that there are no material reasons for his resignation other than those stated. He does not hold directorship in any other listed entities. The resignation has been disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The departure of an independent director reduces board independence and may raise governance questions among investors, though the stated reason (professional commitments) appears routine with no material concerns flagged.