Kaya Limited has completed the dissolution of its wholly owned subsidiary, KME Holdings Pte. Ltd., effective April 22, 2026. The subsidiary, which was under voluntary liquidation, has been officially dissolved according to records maintained by Singapore's Accounting and Corporate Regulatory Authority (ACRA).

Subsidiary Financial Contribution

KME Holdings Pte. Ltd. made notable financial contributions to Kaya Limited's operations prior to its dissolution. The subsidiary's financial performance as of March 31, 2025, demonstrated its role within the company's portfolio.

Impact Assessment

Kaya Limited has clarified that KME Holdings Pte. Ltd. was not classified as a material subsidiary of the company. The dissolution process will not affect the company's business operations or have any material impact on its financial performance. This strategic decision appears to be part of the company's portfolio optimization efforts.

Regulatory Compliance

The dissolution has been reported in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided detailed disclosures as required under SEBI's Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Corporate Structure Changes

With the dissolution of KME Holdings Pte. Ltd., the entity has ceased to be a wholly owned subsidiary of Kaya Limited. The voluntary liquidation process, which had been ongoing, reached its conclusion on April 22, 2026, marking the end of this subsidiary's operational existence within the Kaya Limited corporate structure.

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.