Sattva Sukun Lifecare Ltd to Rename to Tavexia Lifecare Limited
Sattva Sukun Lifecare Limited, formerly known as Mayukh Dealtrade Limited, has initiated a process to change its corporate identity to Tavexia Lifecare Limited. The company issued a corrigendum regarding the notice of its Extra-Ordinary General Meeting (EGM) scheduled for July 22, 2026, to reflect an updated annexure concerning the name change resolution.The decision to rename the company is driven by a branding and business strategy aimed at establishing a more distinctive and market-friendly corporate identity. The management stated that the proposed name, Tavexia Lifecare Limited, better reflects the current and future business activities of the company while strengthening brand recognition among investors, customers, and stakeholders.
Scope of Corporate Changes
The proposed name change involves the alteration of the Name Clause in the Memorandum of Association (MOA) and the corresponding Articles of Association (AOA). The following details outline the intended operational impacts:| Category | Status/Impact |
|---|---|
| Legal Status | No change to the legal status or constitution |
| Share Capital | Remains unchanged |
| Management & Registered Office | No changes reported |
| PAN and Corporate Identity Number | No changes (except for name appearance) |
| Financial Position | No change in assets, liabilities, or obligations |
The company confirmed that the rebranding is intended to signify a clearer corporate identity rather than a shift in primary business activities. The company remains engaged in the Lifecare and Wellness segment.
Business Activity and Compliance
In a certificate issued by practicing chartered accountant Rakesh Agarwal, it was verified that the company has complied with regulatory requirements regarding name changes. Specifically:- Timeline: More than one year has elapsed since the last name change from Mayukh Dealtrade Limited to Sattva Sukun Lifecare Limited on December 12, 2024.
- Activity Alignment: The new name does not denote a shift to a different business activity. The company intends to continue its operations in the Lifecare and Wellness sector while expanding its existing scope to include manufacturing and trading of medicines and allied healthcare products.
The change in name is subject to shareholder approval via a Special Resolution and subsequent approval from the Registrar of Companies and relevant stock exchanges. Upon receiving the fresh certificate of incorporation, the company will update all statutory registrations, licenses, contracts, agreements, letterheads, and corporate records to reflect the new name.
Stock Price Movement
Sattva Sukun Lifecare Ltd shares rallied 2.60% today to finish at ₹0.79. The stock saw active movement throughout the session, ranging between a low of ₹0.76 and a high of ₹0.79.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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