Kaya Limited has informed the Exchange regarding Notice of Postal Ballot
KAYA · price
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Awaiting price reaction for this filing.
Kaya Limited is seeking shareholder approval through a postal ballot (e-voting only) for two material related party transactions involving the repayment of loans availed from promoter-group directors. The two ordinary resolutions cover loan repayments of up to Rs. 100 crore each to Mr. Harsh Mariwala (Chairman & Managing Director, Promoter) and Mr. Rajen Mariwala (Non-Executive Director, Promoter Group member), to be carried out in one or more tranches during FY2025-26. Each transaction represents 24.74% of the company's FY24 consolidated turnover, which is why shareholder approval is required under SEBI's related party transaction rules. The remote e-voting window runs from May 13, 2025 to June 11, 2025, with results to be announced on or before June 13, 2025. The cut-off date for eligibility is May 9, 2025, and related parties are barred from voting on these resolutions.
This is a routine compliance requirement triggered because the loan repayments exceed the materiality threshold, not new borrowing or fundraising. For outside shareholders, the key takeaway is that promoter-group funds previously extended to the company are being returned — the transactions are stated to be at arm's length and in the ordinary course of business, so the direct impact on minority shareholders is limited. Watch the voting outcome, though a high dissent vote could signal shareholder concern.