Please find the attached Outcome of Board Meeting
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lykis Limited's board meeting on May 28, 2026 approved several key items. The company will change its name to 'Krowniq Limited' subject to Registrar of Companies approval. Three new wholly-owned subsidiaries will be incorporated: Tidagela Industries Private Limited (packaging, cement and GGBS business), Parshav Infra Market Private Limited (construction and infrastructure), and Exora Traders Private Limited (agro, FMCG and consumer products). Each new subsidiary will have an initial paid-up capital of Rs 1 lakh, fully subscribed by the parent company. Additionally, the existing subsidiary Goldspan Exports Private Limited will take over the company's export business operations, with two new directors appointed to its board.
The name change and creation of new subsidiaries indicate Lykis is expanding into multiple new business segments including infrastructure and FMCG. This diversification strategy could be positive for long-term growth prospects, though the small initial capital suggests these are early-stage expansions. Shareholders should monitor how these new ventures perform over coming quarters.