Kerala Ayurveda Limited Successfully Passes Three Special Resolutions Through Postal Ballot E-Voting

Kerala Ayurveda Limited has successfully concluded its postal ballot process through remote e-voting, with all three special resolutions receiving overwhelming shareholder approval on January 19, 2026. The company announced the results on January 20, 2026, demonstrating strong shareholder confidence across all proposed corporate actions.

Postal Ballot Overview

The postal ballot process was conducted in accordance with Section 110 read with Section 108 of the Companies Act, 2013, and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The e-voting period commenced on December 21, 2025, at 9:00 AM IST and concluded on January 19, 2026, at 5:00 PM IST.

Parameter:	Details
Record Date:	December 12, 2025
Total Shareholders:	10,197
E-voting Period:	December 21, 2025 to January 19, 2026
Scrutinizer:	CS Biswajit Ghosh (BMP & Co. LLP)
Total Votes Polled:	4,220,164 (34.99% of outstanding shares)

Resolution Results

All three special resolutions achieved remarkable approval rates, with each resolution securing over 99.99% support from voting shareholders.

Resolution 1: Asset Charge Creation

The first resolution sought approval for creation of charge/lien over company assets under Section 180(1)(a) of the Companies Act, 2013.

Category:	Votes in Favour	Votes Against	Approval Rate
Promoter Group:	3,997,026	0	100.00%
Public Non-Institutions:	222,836	302	99.86%
Overall Result:	4,219,862	302	99.99%

Resolution 2: Investment and Loan Approvals

The second resolution covered approval for investments, providing loans, guarantees and security under Section 186 of the Companies Act, 2013.

Category:	Votes in Favour	Votes Against	Approval Rate
Promoter Group:	3,997,026	0	100.00%
Public Non-Institutions:	222,989	149	99.93%
Overall Result:	4,220,015	149	99.996%

Resolution 3: Director Re-appointment

The third resolution approved the re-appointment of Ms. Shilpa Kiran Gududur (DIN: 09067581) for a second term of five consecutive years.

Category:	Votes in Favour	Votes Against	Approval Rate
Promoter Group:	3,997,026	0	100.00%
Public Non-Institutions:	222,887	251	99.89%
Overall Result:	4,219,913	251	99.994%

Scrutinizer Report

CS Biswajit Ghosh, Designated Partner of BMP & Co. LLP, served as the appointed scrutinizer for the postal ballot process. The scrutinizer was appointed by the Board of Directors on December 17, 2025, and submitted the final report on January 20, 2026. The e-voting services were provided by Central Depository Services (India) Limited (CDSL), ensuring a transparent and secure voting process.

Shareholder Participation

The postal ballot witnessed significant participation with 4,220,164 votes polled, representing 34.99% of the company's total outstanding shares of 12,060,198. The promoter and promoter group demonstrated complete support with 100% participation and unanimous approval across all resolutions. Public non-institutional shareholders also showed strong support, with approval rates exceeding 99.86% for all three resolutions.

The successful completion of the postal ballot process strengthens Kerala Ayurveda Limited's corporate governance framework and provides the necessary approvals for strategic business operations and leadership continuity.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.91%	-7.53%	-12.50%	-52.32%	-36.76%	+444.97%

Kerala Ayurveda Limited has announced a strategic joint venture agreement through its wholly owned subsidiary Nutraveda PTE LTD with Ms. Monica Mohindra to establish operations in Bali, Indonesia. The joint venture company, Pt. Kerala Ayurveda Bali, will focus on sports education, wellness, and hospitality services.

Joint Venture Structure and Shareholding

The joint venture follows an equal partnership model with both parties holding identical stakes in the new entity. The shareholding structure demonstrates a balanced approach to the international expansion.

Parameter	Details
Joint Venture Partners	Nutraveda PTE LTD (50%) and Ms. Monica Mohindra (50%)
Entity Name	Pt. Kerala Ayurveda Bali
Authorized Share Capital	IDR 10,000,000,000 (10,000 shares)
Paid-up Share Capital	IDR 2,500,000,000 (2,500 shares)

Each partner holds 1,250 equity shares with an aggregate nominal value of IDR 1,250,000,000, representing exactly 50% shareholding in the joint venture company.

Business Scope and Operations

Pt. Kerala Ayurveda Bali will operate across multiple service segments, combining traditional wellness expertise with modern hospitality and educational services. The business scope encompasses:

Sports education and recreation services
Allied hospitality and accommodation services for students, professionals, and other occupants
Traditional wellness, health, and spa-related activities
Other allied businesses as mutually agreed between partners

Governance and Share Transfer Restrictions

The joint venture agreement includes comprehensive governance mechanisms to protect both parties' interests. Key provisions include:

Aspect	Details
Share Transfer	Subject to prior offer to existing shareholders at proposed price
Third-party Transfers	Allowed only after offer period expiry with General Meeting approval
Capital Structure Changes	Require shareholder approval per applicable laws
Regulatory Compliance	Subject to applicable regulatory approvals

Strategic Significance

This joint venture represents Kerala Ayurveda's strategic expansion into the Indonesian market, leveraging its traditional wellness expertise in a new geographical territory. The partnership structure allows the company to enter the market with local expertise while maintaining significant operational control through its subsidiary Nutraveda PTE LTD.

The company has confirmed that this transaction does not constitute a related party transaction and has been structured to comply with all applicable regulations under SEBI Listing Regulations.