Kaya Limited has informed the Exchange regarding Outcome of Board Meeting held on Jun 26, 2025.
KAYA · price
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On the reaction day the stock moved 5.0 pts more than Nifty Microcap 250 and 4.7 pts more than its Leisure Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Kaya Limited's board, at its meeting on June 26, 2025, approved a preferential allotment of up to 20,90,068 equity shares of Rs. 10 face value at a price of Rs. 358.84 per share, aggregating to up to Rs. 75 crore. The issue price is higher than the floor price determined under SEBI's ICDR Regulations. The shares will be issued entirely to a single investor, Axana Estates LLP, which currently holds no shares in the company but will hold 13.74% of the share capital post-issue. An extra-ordinary general meeting has been scheduled for July 22, 2025, to seek shareholder approval for the preferential issue.
The Rs. 75 crore preferential raise will bring in fresh capital but will result in equity dilution of 13.74% to a single new investor, Axana Estates LLP. The fact that shares are being placed above the floor price is a mildly positive signal on valuation, though the entry of one large shareholder may shift control dynamics.