Kaya Limited has informed the Exchange about Corrigendum to the EGM notice dated June 26, 2025
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Kaya Limited has issued a corrigendum to the notice of its Extraordinary General Meeting (EGM) scheduled for July 22, 2025 at 10:00 a.m. IST via video conferencing. The corrections add the 'initiation period for utilisation of funds' for the proposed Preferential Issue of up to Rs. 75 crore (Rs. 58 crore for expansion of clinics and Rs. 17 crore for general corporate purposes), stating that funds will be utilised from the date of realisation until the end of FY27. The corrigendum also provides web links to the valuation report by Samarth Valuation Advisory LLP and the certificate from Practicing Company Secretary Magia Halwai & Associates. The EGM is being held to seek shareholder approval for the preferential issue. All other terms of the original EGM notice remain unchanged.
This is an administrative correction to clarify the timeline for deploying the Rs. 75 crore raised via the preferential issue, with no change to the issue size or its purpose. Shareholders should review the updated fund utilisation timeline before voting at the July 22 EGM, as it confirms how the company plans to deploy the capital over the next 2-3 years.