Kaya Limited has accepted the resignation of Lokesh Wagadre from his position as Vice President and Head of Information Technology. The change in senior management personnel will take effect on November 30, 2026.

Wagadre submitted his resignation on September 1, 2026, citing a desire to pursue a career opportunity outside the company that aligns with his long-term professional goals. He will serve a three-month notice period to ensure a smooth transition of responsibilities.

Regulatory Disclosure

The company made the disclosure pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was issued on September 2, 2026, and filed with both the Bombay Stock Exchange and the National Stock Exchange of India.

Shilpa Rathi, Company Secretary and Compliance Officer, confirmed the details in the filing. The resignation was communicated via email to Saurav Jha, with Bindiya Vermani copied.

Transition Plan

In his resignation letter, Wagadre expressed gratitude for the opportunities provided during his tenure. He highlighted his role in leading the technology function and contributing to the organization's digital transformation initiatives.

To facilitate the handover, Wagadre committed to assisting with documentation, training, and knowledge transfer sessions with relevant stakeholders before his final date of cessation.

Kaya Limited company name has published its newspaper advertisement regarding the Notice of Extraordinary General Meeting (EGM) on August 13, 2026. The notice, released in Financial Express and Mumbai Lakshdeep, confirms that the EGM will be conducted through Video Conference/Other Audio-Visual Means (VC/OAVM) on Saturday, September 5, 2026, at 10:00 am. The meeting aims to secure shareholder approval for a ₹49.99 crore preferential equity issuance, fund clinic expansions, and approve significant leadership transitions.

The Board of Directors approved the issuance of 18,24,150 equity shares at ₹274.10 per share on August 10, 2026. This price exceeds the regulatory floor price of ₹274.03 determined by independent valuer Samarth Valuation Advisory LLP. The allotment is structured under Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Shareholders holding shares as of the August 31, 2026 cut-off date can cast their votes via remote e-voting from September 2 to September 4, 2026, through National Securities Depository Limited (NSDL).

Preferential Allotment Structure

The funds will be raised from Axana Estates LLP and Plutus Investments India Private Limited. Axana Estates LLP, an existing major shareholder, will increase its stake from 13.76% to 17.25%. Plutus Investments India Private Limited will acquire a new 5.76% stake. There will be no change in the management or control of the company post-allotment.

Fund Utilization Plan

The company has outlined specific objectives for the gross proceeds of ₹49,99,99,515. Fifty percent of the funds will be allocated to capital expenditure for opening new clinics, renovating existing ones, and acquiring medical equipment. Twenty-five percent will support working capital needs such as inventory and vendor payments. The remaining 25% is reserved for general corporate purposes. All funds are expected to be utilized by the conclusion of FY28.

Leadership Transition and ESOP Expansion

The EGM will also approve the transition of Harsh Mariwala from Chairman and Managing Director to Chairman and Non-Executive Director effective November 1, 2026. Mr. Mariwala, who has attained the age of 75, requires a special resolution under Regulation 17(1A) of the SEBI Listing Regulations to continue as a non-executive director. Concurrently, Rishabh Mariwala will be appointed as Managing Director for a five-year term starting November 1, 2026. Additionally, shareholders will vote to increase the Kaya ESOP Plan - 2021 pool by 4,00,000 options, raising the total limit to 12,03,204 options to aid in talent retention.

E-Voting and Compliance Details

In compliance with Section 108 of the Companies Act, 2013 and Regulation 44 of SEBI Listing Regulations, NSDL has been engaged to facilitate electronic voting. Remote e-voting commences on Wednesday, September 2, 2026, at 9:00 am and ends on Friday, September 4, 2026, at 5:00 pm. Once a vote is cast, it cannot be changed. The company has appointed Mr. Sitansh Magia, partner of Magia Halwai & Associates, as the scrutinizer for the e-voting process. Members attending the EGM via VC/OAVM will be counted for quorum purposes under Section 103 of the Companies Act, 2013.