Lypsa Gems & Jewellery Limited has informed the Exchange regarding Board meeting held on December 31, 2025.
LYPSAGEMS · price
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The Board of Directors of Lypsa Gems & Jewellery Limited met on December 31, 2025, and approved key proposals. The Board approved changing the company's name from 'Lypsa Gems & Jewellery Limited' to 'Aurus Gem Corporation Limited', subject to shareholder and MCA approval. The Board also approved the sale of company land under Section 180(1)(a) of the Companies Act, 2013, again requiring shareholder approval. A postal ballot process was initiated to seek shareholder consent for both these matters, with Mrs. Rupal Patel appointed as Scrutinizer. The decision on appointing an Internal Auditor was deferred to a later date. The meeting was held at the registered office in Gujarat from 1:00 PM to 3:00 PM.
Shareholders will be asked to vote via postal ballot on the proposed name change and land sale. The name change signals a possible rebranding effort, while the land sale could unlock cash for the company. Both proposals require shareholder approval before becoming effective.