Please find the attached Outcome of Board Meeting held on 25th May, 2026
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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 25, 2026 resulted in significant leadership changes. Three key resignations were accepted: Mr. Amit Mallawat as Independent Director (effective May 15), Ms. Darshana Sawant as Company Secretary and Compliance Officer (effective May 9), and Mr. Nadir Dhrolia as Managing Director (effective June 1). All cited pursuing career opportunities outside the organization. To fill the gaps, the board appointed Mr. Jitendra Kumar Ranka as Additional Director (Executive Category) and Mr. Nishant Bajaj as Additional Director (Non-Executive Category), both effective May 25. Jitendra Ranka brings 15+ years of experience in real estate and capital markets, while Nishant Bajaj is a qualified lawyer and company secretary with corporate law expertise.
The simultaneous resignation of the Managing Director, Independent Director, and Company Secretary indicates significant management transition. Investors should monitor for stability concerns and the company's ability to maintain operations and compliance during this leadership changeover.