Resignation of Chairman

Key managerial personnel resignedManagement Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-1.8%Reaction day

₹36.16

prior close

₹36.26

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-1.5% vs market

Trading & Distributors peers, median of 130sector+0.0%-1.8% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 1.8 pts less than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

-1.8-0.3-1.5+0.0-1.8

Next day

-3.2-1.2-2.0-0.3-2.9

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15d

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UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 130Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Lykis Ltd has informed the stock exchanges that Mr. Shafeen Charania (DIN: 07283015) has resigned from the position of Chairman and Non-Executive Non-Independent Director, effective August 6, 2025. In his resignation letter, Mr. Charania cited personal and professional commitments as the reason and stated that the timing was right to step down and allow the company to continue under new leadership. He confirmed there are no other material reasons beyond those mentioned. The filing was signed by Nadir Dhrolia, the Managing Director, indicating the board has been notified.

Likely market impact

This is a leadership change at the top of the board. For shareholders, this means the company will need to appoint a new Chairman in due course. Mr. Charania has not flagged any governance concerns or disagreements with the board, suggesting the transition appears orderly. Investors should watch for the appointment of a new Chairman, as leadership stability at the board level can influence market sentiment.