Kerala Ayurveda Limited has officially dispatched its postal ballot notice on December 19, 2025, to all eligible shareholders for seeking approval on three critical corporate matters through remote e-voting. The company completed the electronic dispatch of postal ballot notices along with explanatory statements to members whose email addresses are registered with the company or depository participants.

Postal Ballot Notice Details

The postal ballot notice was dispatched under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, following the board meeting held on December 17, 2025. The company has set the cut-off date as December 12, 2025, for determining eligible shareholders.

Three Special Resolutions for Approval

Shareholders will vote on three special resolutions through the remote e-voting process:

Asset Security Provisions: Approval for creation of charge or lien over company assets under Section 180(1)(a) of the Companies Act 2013, with borrowing limits not exceeding ₹250.00 crores including interest and other charges.

Financial Operations: Authorization for investments, loans, guarantees, letters of comfort, and security provisions under Section 186 of the Act, with limits up to ₹100.00 crores for enhanced financial flexibility.

Director Re-appointment: Formal approval for Ms. Shilpa Kiran Gududur's re-appointment as Independent Director for a second five-year term from February 15, 2026 to February 14, 2031.

Director Re-appointment Details

Ms. Shilpa Kiran Gududur brings over 23 years of professional experience to the board with qualifications including practicing Company Secretary credentials, Registered Valuer-SFA certification, and Insolvency Professional designation. Her educational background includes degrees from University of Mumbai, Bangalore University, and National Law School, Bangalore.

E-voting Process and Timeline

The e-voting facility will be available exclusively through CDSL platform for the specified period. Shareholders holding shares in demat form can vote through their depository accounts, while physical shareholders need to register with the company's e-voting system.

The company has appointed Mr. Pramod SM (FCS No.: 7834) or Mr. Biswajit Ghosh (FCS: 8750) from M/s. BMP Co. LLP as scrutinizers for conducting the postal ballot process in a fair and transparent manner.

Regulatory Compliance

Kerala Ayurveda Limited has confirmed compliance with all applicable provisions of the Companies Act 2013 and SEBI Listing Regulations. The postal ballot notice and related documents are available on the company's website at https://keralaayurveda.biz/ and will also be accessible through BSE Limited's website.

The results of the postal ballot will be declared within two working days from the conclusion of e-voting period and communicated to stock exchanges, depositories, and published on the company's website.

Kerala Ayurveda Limited has announced the grant of stock options to its employees under the Employee Restricted Stock Unit Plan 2023. The company's Nomination Remuneration Committee approved this significant employee benefit initiative on December 10, 2025.

Stock Option Grant Details

The committee approved the grant of 1,54,752 options at an exercise price of ₹10 per option to eligible employees. This grant represents a substantial allocation under the ESOP 2023 scheme, designed to align employee interests with long-term company performance.

Vesting Schedule and Structure

The options will vest over a 4-year period with specific vesting schedules for different employee categories. For the majority of employees, the vesting follows equal annual installments:

Standard Vesting Schedule:

• 25% at the end of first year from grant date
• 25% at the end of second year (cumulative 50%)
• 25% at the end of third year (cumulative 75%)
• 25% at the end of fourth year (cumulative 100%)

Alternative Vesting for Four Employees:

• 33.33% at the end of first year from grant date
• 33.33% at the end of second year (cumulative 66.66%)
• 33.34% at the end of third year (cumulative 100%)

Exercise and Share Conversion

Once vested, option holders will have one year within which the options may be exercised. Upon exercise, the 1,54,752 options will convert into an equal number of equity shares with a face value of ₹10 each, assuming all granted options are vested and exercised.

Scheme Administration

The ESOP 2023 is administered by the Nomination and Remuneration Committee of the company. The grant of options is based upon eligibility criteria as mentioned in the scheme. The granted options, once vested, will entitle option holders to acquire an equal number of equity shares upon payment of exercise price and applicable taxes in accordance with the terms and conditions of the scheme.

This employee stock option grant reflects Kerala Ayurveda's strategy to retain talent and provide employees with opportunities to participate in the company's growth through equity participation.