The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nadir Dhrolia
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Mr. Nadir Dhrolia, identified as a Promoter/Promoter Group member of Lykis Limited, has sold his entire holding of 1,30,14,966 equity shares representing 67.17% of the company's total share capital. The sale was executed through the off-market route on 25th May 2026 as part of completing formalities related to a mandatory open offer. Following this transaction, the acquirer's holding has reduced to NIL. The company's total equity share capital remains at Rs. 19,37,51,550 divided into 1,93,75,155 equity shares of Rs. 10 each.
A promoter has exited their entire stake (67.17%) in the company, which could signal loss of promoter confidence or a change in control. The NIL post-holding indicates a complete exit from the company's shareholder structure.