Kaya Limited shareholders approve FY26 financials and director reappointments at 23rd AGM

Kaya Limited concluded its 23rd Annual General Meeting (AGM) on August 7, 2026, with shareholders approving the company’s audited financial statements for the fiscal year ended March 31, 2026, and reappointing key board members. The meeting, conducted through video conferencing and other audio-visual means (VC/OAVM), commenced at 9:30 a.m. IST and concluded at 10:04 a.m. IST, including time allocated for e-voting. The proceedings were held in compliance with circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI).

The primary agenda items included the approval of both standalone and consolidated financial reports, alongside the re-appointment of directors retiring by rotation or seeking renewal of their tenure. Harsh Mariwala, Chairman and Managing Director, presided over the meeting, welcoming members and introducing the Board and key executives. Saurav Jha, Chief Business Transformation Officer, addressed member queries regarding the company’s performance and developments.

Key Resolutions Passed

The following resolutions were placed before the members for consideration and voting:

Resolution Type	Description	Outcome
Ordinary	Approval of Audited Standalone Financial Statements for FY26	Passed
Ordinary	Approval of Audited Consolidated Financial Statements for FY26	Passed
Ordinary	Re-appointment of Rajendra Mariwala as Director	Passed
Special	Re-appointment of Vasuta Agarwal as Independent Director	Passed

Rajendra Mariwala, who retired by rotation, offered himself for re-appointment and was subsequently approved by the shareholders. Additionally, Vasuta Agarwal was re-appointed as an Independent Director under a special resolution.

Board and Executive Attendance

The following directors, key managerial personnel (KMP), and senior executives attended the meeting via VC:

Name	Designation
Harsh Mariwala	Chairman and Managing Director
Rishabh Mariwala	Non-Executive Non-Independent Director
Rajendra Mariwala	Non-Executive Non-Independent Director
Vivek Karve	Independent Director; Chairman of Audit, Stakeholders’ Relationship, and Risk Management Committees
Anita Belani	Independent Director; Chairperson of Nomination & Remuneration Committee
Vasuta Agarwal	Independent Director
Brijesh Goyal	Chief Financial Officer
Saurav Jha	Chief Business Transformation Officer
Shilpa Rathi	Company Secretary & Compliance Officer

Representatives from the Statutory Auditors and Secretarial Auditors also joined the session to fulfill their regulatory obligations.

Voting Process and Compliance

The Company Secretary appointed Sitansh Magia, Practicing Company Secretary, as the Scrutinizer to supervise the e-voting process, covering both remote e-voting and voting conducted during the AGM. In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the detailed voting results and the Scrutinizer’s Report will be disseminated to the stock exchanges and uploaded to the company’s website. The meeting adhered to all procedural requirements under the Companies Act, 2013, ensuring transparent governance practices.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.99%	-2.29%	+12.14%	-22.49%	-36.98%	-43.61%

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

Particulars	Q1FY26 (₹ in Lakhs)	Q1FY25 (₹ in Lakhs)	Change
Total Income from Operations	6,127.23	5,340.53	+14.7%
Net Profit / (Loss) Before Tax	(1,517.91)	(1,406.54)	-7.9%
Total Comprehensive Income / (Loss)	(1,523.86)	(1,416.30)	-7.6%
EPS Basic & Diluted (₹)	(9.99)	(10.74)	-7.0%
Equity Share Capital	1,518.76	1,309.75	+15.9%

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.