Kaya Limited has successfully raised Rs. 75.00 crore through a preferential allotment of shares to Axana Estates LLP, as announced by the company in a recent regulatory filing.

Key Details of the Share Allotment

Corporate Actions and Approvals

The preferential allotment was executed following a series of corporate actions:

1. Approval by the Board of Directors on June 26, 2025
2. Special resolution passed by the company's shareholders on July 22, 2025
3. In-principle approval received from BSE and NSE on July 31, 2025
4. Final allotment approved by the Board of Directors on August 12, 2025

Impact on Share Capital

Following this allotment, Kaya Limited's paid-up equity share capital has increased to Rs. 15,18,76,090, consisting of 1,51,87,609 equity shares with a face value of Rs. 10.00 each.

Regulatory Compliance

The preferential issue was conducted in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company has duly informed the stock exchanges as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

About Kaya Limited

Kaya Limited, with its registered office in Mumbai, operates in the personal care and beauty sector.

This strategic move by Kaya Limited to raise capital through preferential allotment may provide the company with additional funds for its business operations and growth initiatives.

Kaya Limited , a leading player in the skin and hair care segment, has reported a significant loss for the first quarter, while simultaneously announcing plans for a substantial capital infusion to fuel its expansion strategy.

Financial Performance

Kaya Limited disclosed a standalone net loss of Rs 1,406.54 crore for the quarter, marking a stark contrast to the profit of Rs 648.98 crore recorded in the same quarter of the previous year. The company's revenue from operations saw a marginal increase, rising to Rs 5,279.22 crore from Rs 5,203.49 crore year-on-year.

On a consolidated basis, the situation appeared even more challenging, with Kaya posting a loss of Rs 1,408.73 crore, compared to a profit of Rs 10,269.77 crore in the corresponding quarter of the previous year.

Operational Highlights

Despite the overall financial setback, Kaya's clinic business showed signs of resilience:

• The clinic business registered a 7% growth in collection compared to the same quarter last year.
• Services business saw a 6% collection growth, driven by categories like Acne & Scars, Hair Care, and Brightening & Pigmentation.
• Acne & Scars Services witnessed a remarkable 34% growth, aided by new service technology.
• Haircare services, supported by advanced diagnostic tools, grew by 20%.
• The product business at clinics registered an 11% growth, primarily driven by Nutraceutical, Body Care, and Sun Care categories.

Strategic Expansion and Capital Raise

In a significant move to bolster its market position, Kaya has approved raising Rs 75 crore through preferential equity shares to Axana Estates LLP. This capital infusion is earmarked for strategic expansion initiatives, including:

• Opening new clinics
• Relocating and renovating existing clinics
• Purchasing new equipment

Auditor's Concerns and Management Response

The company's auditors have highlighted concerns regarding Kaya's negative net worth and working capital position. However, the management remains confident in its ability to meet obligations, citing support from promoters and available funds.

New Clinic Openings

Kaya launched two new clinics:

1. Yelahanka in Bangalore
2. Starling Mall in Noida

Both new clinics have reportedly achieved a 5-star Google rating, indicating positive initial customer reception.

Customer Satisfaction

Kaya's Net Promoter Score (NPS) continued to trend higher, reaching 90, which reflects a high level of customer satisfaction and experience.

As Kaya Limited navigates through these challenging financial times, the company's focus on expansion and improvement in operational metrics suggests a strategic push towards long-term growth and market strengthening. The success of this approach will likely depend on the effective utilization of the new capital and the company's ability to leverage its strengths in the competitive skin and hair care market.