Vedic Ayurveda Limited, formerly KD Leisures Limited, has released its notice for the 45th Annual General Meeting scheduled for October 30, 2026. The agenda includes a proposal to change Deepika Awasthi's designation from Executive Director to Managing Director and seeks shareholder approval for borrowing limits up to ₹100 crore.

The company reported a net loss of ₹2.10 lakh for FY26, an improvement from the ₹4.30 lakh loss in FY25, with zero operational revenue in both years. The meeting will be held via Video Conferencing, with remote e-voting open from October 27 to October 29, 2026.

Leadership changes and governance updates

The board proposes a special resolution to appoint Deepika Awasthi as Managing Director for a five-year term effective October 29, 2026. She currently serves as Executive Director and retires by rotation at this meeting. Additionally, the board seeks regularisation of Atul Chauhan as an Independent Director for a five-year term commencing October 7, 2026. Shekhar Chandrakant More was appointed as Chief Financial Officer effective October 7, 2026, replacing Mandeep Singh Thukral, who resigned from the CFO role on April 10, 2026.

Financial performance and strategic shift

The company remains inoperative regarding core business activities, generating no revenue from operations in FY26 or FY25. Total expenses declined to ₹2.10 lakh from ₹4.30 lakh in the previous year, primarily due to lower other expenses. The auditors issued a qualified opinion citing non-receipt of confirmations for loans and advances and non-compliance with Income Tax Act filing requirements for assessment years 2021-22 onwards.

Subsequent to the financial year-end, the company changed its name from KD Leisures Limited to Vedic Ayurveda Limited and altered its object clause to include Ayurveda, herbal products, and healthcare businesses. A certificate dated July 14, 2026, notes that income from new business activity (Ayurveda sessions) stood at ₹15.00 lakh for Q1FY27.

Borrowing powers and security creation

Shareholders are asked to approve increasing the limit for creating charges on assets to secure borrowings up to ₹100 crore. This supersedes earlier resolutions and allows the board to mortgage or pledge movable and immovable assets. Concurrently, the company seeks approval to borrow funds up to ₹100 crore through debentures, term loans, or inter-corporate deposits. Approval is also sought to provide loans, guarantees, or securities up to ₹100 crore to subsidiaries, associates, or entities where directors are interested.

Key dates and procedural framework

The register of members will remain closed from October 24, 2026 to October 30, 2026. The cut-off date for remote e-voting eligibility is October 23, 2026. Remote e-voting will commence on October 27, 2026, at 9:00 am and conclude on October 29, 2026, at 5:00 pm.

What the Numbers Show

The combined data reveals a stark divergence between the company's historical balance sheet strength and its current operational reality. While the company holds significant assets, including loans of ₹176.50 lakh and cash of ₹8.05 lakh, it generated zero revenue in FY26. The proposed ₹100 crore borrowing limit is disproportionately large compared to the paid-up capital of ₹3.24 crore and total equity of ₹159.76 lakh, signaling a potential pivot toward aggressive capital deployment or restructuring following the name change and diversification into the Ayurveda sector.

Vedic Ayurveda Limited (formerly KD Leisures Limited) has received a one-month extension from the Registrar of Companies (ROC), Mumbai, to convene its 45th Annual General Meeting (AGM) for FY26. The company must now hold the meeting on or before October 31, 2026.

The ROC approved the request via a letter dated September 3, 2026, granting an extension under Section 96(1) of the Companies Act, 2013. This decision follows the company’s Board of Directors approving an application for a three-month extension during a meeting held on September 1, 2026.

Extension Details

The company initially sought additional time until December 31, 2026, to complete statutory requirements for the shareholder meeting. The ROC, however, granted only a one-month extension, citing the reasons provided in the application.

The Board meeting where the extension application was approved began at 4:00 pm and concluded at 4:30 pm at the corporate office in Kanpur. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The ROC order advises the company to be careful in future compliance with the provisions of the Companies Act, 2013. The company will intimate the specific date of the AGM in due course.