Kaya Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on July 22, 2025
KAYA · price
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Kaya Limited held an Extraordinary General Meeting (EGM) on July 22, 2025, conducted via video conferencing and lasting only 7 minutes (10:00 AM to 10:07 AM). The sole item of business transacted was a Special Resolution approving the issuance of equity shares on a preferential basis, meaning shares will be allotted to selected investors at a pre-decided price rather than through a public offer. Members were given the facility of remote e-voting between July 19 and July 21, 2025, along with e-voting during the meeting. The proceedings were signed off by Nitika Dalmia, Company Secretary and Compliance Officer.
Approval of a preferential equity issue signals that Kaya Limited is raising capital from specific, pre-identified investors. This may lead to dilution of existing shareholders' stake, and investors should watch for follow-up disclosures detailing the number of shares to be issued, the issue price, and the identity of the allottees.