Announced Tue, 30 Jun · 14:23 IST

Board regularizes 2 directors, proposes name change and MOA alteration

Management Changes View source PDF

Price

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Price reaction · full curve 14 horizons · vs prior close
+5.3%1-day move
₹0.75
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+5.3+1.3+4.0+2.7+1.3+1.3+5.3
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AI summary

Sattva Sukun Lifecare board approved regularization of Sachin Manseta (Non-Executive Independent) and Chirag Dedhia (Non-Executive Non-Independent) as directors for 5-year terms effective 22 July 2026, subject to shareholder approval. Board also approved changing the company name to Tavexia, Trumaxa, Trustarex, or Tradamex Lifecare Limited, and expanded the MOA object clause to include chemicals, pharmaceuticals, nutraceuticals, biotechnology, and CRO/CDMO/CRAMS services. EGM notice issued.

Likely market impact

Name change and expanded business scope signal a strategic pivot. New directors bring legal and finance expertise. Awaiting shareholder and MCA approval.