Kaya Limited has announced significant changes to its senior management team with the resignation of Chief Financial Officer Arihant Dhariwal and the appointment of Brijesh Goyal as his successor. The transition, communicated to stock exchanges on April 13, 2026, ensures continuity in the company's financial leadership during the handover period.

Leadership Transition Timeline

The CFO transition follows a structured timeline to ensure smooth operations. Dhariwal will continue serving as Chief Financial Officer until the end of business hours on July 10, 2026, having resigned to pursue opportunities outside the organization. Goyal has been appointed as Chief Financial Officer (Designate) effective from April 13, 2026, and will assume full CFO responsibilities from July 11, 2026, subject to necessary approvals.

Regulatory Compliance and Approvals

The appointment follows proper regulatory procedures under SEBI regulations. The proposal for Goyal's appointment will be placed before the Audit Committee and the Board of Directors at their upcoming meetings, following a recommendation from the Nomination and Remuneration Committee. This process ensures compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with SEBI Circular No SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

New CFO's Professional Background

Brijesh Goyal brings extensive experience to his new role as a seasoned finance and business leader with over 30 years of experience across large enterprises and growth-stage businesses. His expertise spans retail, consumer services, and multi-format operations, with deep knowledge in business finance, P&L stewardship, financial governance, and strategic decision support.

Goyal's most recent position was Head of Finance at Enrich Hair & Skin Solutions, where he held end-to-end responsibility for the finance function. He partnered closely with the leadership team to support profitable growth and expansion, focusing on building scale-ready finance frameworks for the fast-growing beauty and wellness retail platform. A significant portion of his career was spent at Reliance Retail Limited, where he worked for over 14 years in multiple senior finance leadership roles.

Formal Documentation

The transition has been formally documented with Dhariwal submitting his resignation letter to the Board of Directors, expressing gratitude for the support and cooperation received during his tenure. He wished the company continued success and growth in the future. The company has fulfilled all disclosure requirements under SEBI regulations, providing comprehensive details about both the resignation and appointment to ensure transparency for stakeholders. Company Secretary & Compliance Officer Nitika Dalmia signed the official communication to both BSE and NSE exchanges.

Kaya Limited has fulfilled its regulatory obligations by submitting the mandatory compliance certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The submission was made on April 7, 2026, to both major stock exchanges where the company's shares are listed.

Regulatory Compliance Details

The compliance certificate was submitted pursuant to Regulation 74(5) of the SEBI (Depositories and Participants) Regulation, 2018. This regulation mandates companies to provide quarterly confirmations regarding the proper handling of securities received for dematerialisation during the reporting period.

Certificate Issuer and Confirmation

The compliance certificate was issued by MUFG Intime India Private Limited (formerly Link Intime India Private Limited), which serves as the Registrar and Share Transfer Agent for Kaya Limited. The certificate was signed by Ashok Shetty, Sr. Vice President-Corporate Registry, on April 1, 2026.

Key Confirmations in the Certificate

MUFG Intime India Private Limited confirmed several critical aspects of securities handling during the quarter:

• Securities received from depository participants for dematerialisation were properly confirmed (accepted/rejected) to the depositories
• All securities comprised in the certificates have been listed on stock exchanges where the company's earlier issued securities are listed
• Security certificates received for dematerialisation were confirmed/rejected within prescribed timelines
• Security certificates were mutilated and cancelled after due verification by the depository participant
• The names of depositories were substituted in the register of members as registered owners within prescribed timelines

Exchange Submission

The compliance certificate was submitted to both major Indian stock exchanges where Kaya Limited's shares are traded. The submission was made by Nitika Dalmia, Company Secretary and Compliance Officer, ensuring adherence to regulatory requirements and maintaining transparency with market regulators.