Edible oil major Ruchi Soya said that its board has decided to change the company's name to Patanjali Foods Ltd. In a regulatory statement released on Monday, the Patanjali-Ayurved backed firm also stated that the decision would be subject to getting approvals from the Registrar of Companies and others. Ruchi Soya also said the board -- at a meeting held on April 10 -- accorded its in-principle approval for evaluating a "most efficient mode" to enhance synergies with Patanjali Ayurved Ltd and authorise company's officials to "finalise" or "deliver" any such proposed transaction (if any).