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 stepped down as Independent Director (effective May 15), Ms. Darshana Sawant resigned as Company Secretary & Compliance Officer (effective May 9), and Mr. Nadir Dhrolia tendered his resignation as Managing Director (effective June 1). Dhrolia and Sawant cited pursuing career opportunities outside the organization as their reason. To fill 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, 2026. The new executive director has over 15 years of experience in real estate and capital markets, while the non-executive director is a law graduate and ICSI member providing corporate advisory services.
The simultaneous departure of the Managing Director and Company Secretary could create a governance vacuum and raise concerns about management stability. Investors should monitor whether the newly appointed directors can effectively fill these critical roles, particularly since the Managing Director's resignation leaves a key leadership position to be filled.