Kaya Limited has confirmed that Om Prakash Manchanda ceased to serve as an Independent Director on August 02, 2026, following the completion of his first consecutive term of five years. The departure marks the end of a significant governance cycle for the Mumbai-based wellness and healthcare services provider, with the Board of Directors formally acknowledging his tenure and contributions to the company’s strategic direction.

The intimation was issued to the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirms that Manchanda’s cessation is effective from the end of the day on August 02, 2026. The disclosure also references compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026, ensuring all regulatory requirements for director changes are met.

Tenure and Contributions

Manchanda, identified by Director Identification Number (DIN) 02099404, served his full initial term without interruption. The Board of Directors and the Management of Kaya Limited have placed on record their sincere appreciation for his valuable guidance, support, and significant contributions during his time with the company. His exit does not appear to be linked to any controversy or performance issue, but rather represents a standard procedural conclusion of a statutory director term.

Regulatory Disclosures

The company provided specific details regarding the change in board composition in Annexure A of its exchange filing. The key particulars are outlined below:

The filing was digitally signed by Brijesh Goyal, Chief Financial Officer of Kaya Limited, on August 03, 2026. As per standard corporate governance practices, the company is expected to initiate the process of appointing a new Independent Director to fill the vacancy, subject to shareholder approval and regulatory norms, although no specific timeline or candidate details were disclosed in this immediate notification.

Kaya Limited has scheduled its 23rd Annual General Meeting for Friday, August 7, 2026, at 9:30 a.m. IST via Video Conferencing. The meeting follows a financial year in which the company reported a consolidated net loss of ₹9,617.29 lakh, a significant shift from the consolidated profit of ₹8,367.53 lakh in the previous year. The Board of Directors has not recommended any dividend for the financial year ended March 31, 2026.

The notice, confirming the dispatch of the Annual Report for FY26, was filed with BSE Limited and the National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting will be conducted without physical presence, in compliance with circulars issued by the Ministry of Corporate Affairs and SEBI. The Annual Report has been sent electronically to members and is available on the company's website.

AGM Meeting Details

The AGM shall be deemed to be held at the Registered Office of the Company at 23/C, Mahal Industrial Estate, Mahakali Caves Road, Near Paperbox Lane, Andheri (East), Mumbai – 400093. Members are encouraged to participate through the NSDL e-Voting system. The cut-off date for determining voting rights is Friday, July 31, 2026. Remote e-voting commences on Tuesday, August 4, 2026, at 9:00 a.m. IST and concludes on Thursday, August 6, 2026, at 5:00 p.m. IST.

AGM Agenda

The ordinary business includes the adoption of Audited Standalone and Consolidated Financial Statements for FY26. The meeting will consider the re-appointment of Mr. Rajendra Mariwala (DIN: 00007246), Non-Executive Director, who retires by rotation. Under special business, members will vote on the re-appointment of Ms. Vasuta Agarwal (DIN: 07480674) as an Independent Director for a term of five years from August 3, 2026, to August 2, 2031.

Director Profiles for Re-appointment

FY26 Financial Performance

Kaya Limited reported total revenue from operations of ₹22,247.55 lakh on a consolidated basis, an increase of approximately 2.4% over the previous year. The company recorded a Loss Before Tax of ₹9,617.29 lakh for the period. On a standalone basis, net revenue grew 2% to ₹22,248 lakh, while EBITDA stood at ₹(1,365) lakh compared to ₹2,523 lakh in FY25. The company recognised an impairment loss of ₹1,177 lakh on Property, Plant and Equipment during the year.

Business Operations

The company operates a network of 80+ clinics across 26 cities and 15 states. Services contributed 84% of clinic business in FY26, driven by categories such as anti-ageing and hair care. Product revenue from Kaya Clinic was ₹3,556 lakh. During the year, the company issued 20,90,068 equity shares via Preferential Issue, aggregating to ₹75,00,00,001. Promoters held 51.43% of the total shareholding as on March 31, 2026.