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.

Kaya Limited reported a net loss of ₹1,517.91 lakh for the quarter ended June 30, 2026, widening from the ₹1,406.54 lakh loss recorded in the corresponding period of the previous year. This deterioration occurred despite a robust 14.7% year-over-year increase in total income, which rose to ₹6,127.23 lakh from ₹5,340.53 lakh in Q1FY25. The Board of Directors approved these standalone financial results at its meeting held on August 3, 2026, underscoring the company’s continued struggle to convert top-line growth into profitability amid elevated operational costs.

The financial statement reveals that while revenue generation improved, expense management remains a critical challenge. Total comprehensive income for the quarter stood at a loss of ₹1,523.86 lakh. The earnings per share (EPS) for both basic and diluted shares were reported at (₹9.99), compared to (₹10.74) in Q1FY25. These figures have been subject to limited review by the statutory auditors of the Company, who issued an unmodified review report. The results were filed with the stock exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Overview

What the Numbers Show

The divergence between income growth and net loss expansion highlights persistent margin pressure within Kaya Limited’s operations. Although total income grew by nearly 15%, the net loss widened by approximately 7.9%, indicating that operating expenses and other costs outpaced revenue gains. The equity share capital increased to ₹1,518.76 lakh from ₹1,309.75 lakh in the prior year, reflecting recent capital structure adjustments. However, with reserves remaining negative as indicated in previous annual reports, the company continues to rely on promoter support and operational efficiency improvements to restore financial health. The absence of exceptional items in the current quarter’s loss calculation suggests that the entire deficit stems from core operational activities rather than one-off charges.