Kaya Limited has successfully concluded its postal ballot process with shareholders approving a special resolution to amend the objects clause for fund utilization from preferential equity shares issue. The company announced the results on March 2, 2026, following the completion of the remote e-voting process.

Voting Results Overview

The postal ballot witnessed overwhelming support from shareholders across all categories. A total of 112 members participated in the voting process, casting votes for 10021508 shares out of 15187609 total outstanding shares, representing a participation rate of 65.98%.

Category-wise Voting Breakdown

The resolution received unanimous support from promoters and institutional investors, with minimal dissent from public non-institutional shareholders.

Resolution Details

The special resolution pertained to changing the objects clause for the utilization of funds raised through the preferential issue of equity shares. The postal ballot notice was dated January 28, 2026, and the voting process was conducted entirely through remote e-voting mechanism.

Voting Process Timeline

The remote e-voting process was conducted through NSDL's platform, with the voting period spanning from February 1, 2026, at 9:00 a.m. IST to March 2, 2026, at 5:00 p.m. IST. The cut-off date for determining eligible shareholders was January 23, 2026, with notices sent electronically to 17279 members out of 18489 total members.

Scrutinizer Certification

Sitansh Magia of Magia Halwai & Associates, appointed as the scrutinizer for the postal ballot process, certified that the resolution was passed with the requisite majority. The scrutinizer's report confirmed that all procedural requirements under the Companies Act, 2013, and SEBI regulations were duly complied with during the voting process.

The company has fulfilled all regulatory requirements by communicating the results to stock exchanges and will display the results at its registered office and website as mandated by applicable regulations.

Kaya Limited's Board of Directors has approved a strategic variation in the terms of its preferential issue objects, marking a significant development in the company's capital allocation strategy. The decision was taken during the board meeting held on January 28, 2026, and represents an evolution from the original resolution approved by members on July 22, 2025.

Board Decision Details

The board's approval centers on modifying the objects of the preferential issue to better align with current business requirements and market dynamics. This strategic shift demonstrates the company's commitment to prudent capital allocation and operational efficiency as key drivers for sustainable growth.

Strategic Rationale

The variation in terms reflects Kaya Limited's response to evolving business requirements and the company's strategic focus on maintaining competitive positioning. The board emphasized that this decision aligns fund utilization with prevailing industry trends and competitive dynamics, positioning the company for enhanced long-term growth prospects.

Revised Fund Utilization Framework

Subject to shareholder approval, the company proposes to expand the scope of fund deployment beyond the original parameters. The revised framework encompasses:

• Growth and business expansion initiatives
• Working capital requirements to support operational efficiency
• Optimum utilization of proceeds to maximize shareholder value

This dual-purpose approach ensures that the company maintains flexibility in capital deployment while addressing both strategic growth objectives and operational funding needs.

Regulatory Compliance

The intimation was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full compliance with disclosure requirements. Company Secretary and Compliance Officer Nitika Dalmia signed the regulatory filing, confirming the board's formal approval of the variation in preferential issue terms.

The proposed changes require shareholder approval before implementation, maintaining corporate governance standards and ensuring stakeholder participation in significant capital allocation decisions.