Joint_Venture
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Kerala Ayurveda Limited announced that its wholly owned subsidiary Nutraveda PTE LTD (Singapore) has entered into a Joint Venture Agreement with Ms. Monica Mohindra to form a new company called 'Pt. Kerala Ayurveda Bali,' incorporated on October 30, 2025. The JV will operate in sports education and recreation services, allied hospitality and accommodation services for students and professionals, and traditional wellness, health, and spa activities in Bali, Indonesia. The entity has an authorized share capital of IDR 10 billion and paid-up share capital of IDR 2.5 billion (Indonesian Rupiah). The ownership is split 50:50, with Nutraveda PTE LTD and Ms. Monica Mohindra each holding 1,250 equity shares. The disclosure confirms the transaction is not a related party transaction and includes standard transfer restrictions and capital structure safeguards requiring shareholder approval. The filing was made under Regulation 30 of SEBI Listing Regulations with the full disclosure attached as Annexure I.
This marks Kerala Ayurveda's first major international expansion into Bali, diversifying beyond traditional ayurvedic products into hospitality, sports education, and wellness services. For shareholders, this represents a new growth avenue but also introduces execution risk in a new geography and unrelated verticals (sports/hospitality), and the 50:50 structure means limited unilateral control over the JV's operations.