Corrigendum to EGM Notice
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Kerala Ayurveda Ltd has issued a corrigendum to its EGM notice for the meeting scheduled on 18th June 2025 at 11:00 AM via video conferencing. The main changes are to Item No. 3, where the explanatory statement has been updated to extend the proposed related party transaction threshold with its subsidiary Ayurvedagram Heritage Wellness Centre to ₹20 crore for both FY2025-26 and FY2026-27 (originally only FY2025-26), along with additional SEBI-mandated disclosures. The EGM will also consider appointing Mr. Utkarsh Singh as a Non-Executive Non-Independent Director, ratifying FY2024-25 related party transactions of ₹12.84 crore (which exceeded the ₹10.78 crore materiality threshold by ₹2.06 crore), and expanding the ESOP pool from 6,66,640 to 12,03,245 options, representing 10% of paid-up capital.
Shareholders will vote on several key items including ratification of past related party transactions that overshot the approved limit and a near-doubling of the ESOP pool, which could lead to share dilution. The threshold increase to ₹20 crore signals expected higher transaction volumes with the subsidiary Ayurvedagram going forward.