The Nomination and Remuneration Committee (NRC) of kaya approved the grant of 75,000 stock options to eligible employees on August 10, 2026. This allocation falls under the Employee Stock Option 2021 Scheme-VI and aims to align employee incentives with long-term company performance. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, commonly known as SEBI LODR.

The grant involves 75,000 equity shares, with each stock option convertible into one equity share having a face value of ₹10. The exercise price per option has been determined by the NRC in accordance with the Companies Act, 2013 and the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Specifically, the exercise price is not lower than the face value of the equity shares on the date of grant. The specific exercise price is communicated to each option grantee through their respective Grant Letters.

Key Terms of the Option Grant

The structural details of the stock option grant are outlined below:

The options will not vest earlier than a minimum period of two years from the grant date. The vesting schedule is determined at the discretion of the NRC and as prescribed in the individual grant letters. Once vested, employees have an exercise period of no more than one year to convert their options into equity shares.

Regulatory Compliance and Disclosure

This transaction adheres to the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The disclosure also references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. As this is a fresh grant, details regarding options vested, exercised, lapsed, or money realized are currently not applicable. Similarly, the impact on diluted earnings per share is not applicable at this stage.

What the Numbers Show

The approval of 75,000 options represents a targeted retention and incentive strategy for eligible staff. By tying the vesting to a minimum two-year period, Kaya Limited ensures that beneficiaries remain engaged with the company’s long-term objectives before realizing any potential financial benefit from the equity conversion. The exercise window of one year post-vesting provides a defined timeframe for employees to act on their granted rights.

Kaya Limited shareholders approved the company’s audited financial statements for FY26 and reappointed key board members at its 23rd Annual General Meeting (AGM) held on August 7, 2026. The meeting, conducted via video conferencing, saw strong shareholder support with over 66% of outstanding shares polled. The proceedings were scrutinized by Magia Halwai & Associates in compliance with SEBI regulations.

The primary agenda included adopting standalone and consolidated financial reports for the fiscal year ended March 31, 2026, alongside governance updates. Harsh Mariwala, Chairman and Managing Director, presided over the session. Saurav Jha, Chief Business Transformation Officer, addressed member queries regarding corporate performance. The record date for determining voting eligibility was July 31, 2026, with 18,322 members on the register.

Voting Participation and Results

A total of 10,029,379 votes were polled across three resolutions, representing 66.04% of the total shares held. Of the 18,322 eligible shareholders, 70 members cast votes: 68 through remote e-voting and two during the AGM. Promoter group participation was significant, with 99.08% of their shares voted in favor of the financial statements.

For the re-appointment of Rajendra Mariwala, who retired by rotation, 1,86,924 votes were declared invalid, primarily from the promoter group. Despite this, the resolution passed with 98.14% assent among valid votes. The special resolution to reappoint Vasuta Agarwal as an Independent Director for a second term until August 2, 2031, received near-unanimous support with only six dissenting votes.

Governance and Compliance

The Board retained its composition with the reappointment of Rajendra Mariwala as a Non-Executive Non-Independent Director. Vasuta Agarwal continues as an Independent Director. Other directors present included Rishabh Mariwala, Vivek Karve, and Anita Belani. Key managerial personnel attending included Brijesh Goyal (CFO) and Shilpa Rathi (Company Secretary).

Sitansh Magia of Magia Halwai & Associates served as the statutory scrutinizer, while Gautam Bhandari, a shareholder, was appointed as the second scrutinizer. The remote e-voting period ran from August 4 to August 6, 2026. The detailed voting results and Scrutinizer’s Report have been uploaded to the company website and stock exchanges pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.