Announced Sat, 5 Sept · 23:02 IST

Kerala Ayurveda 34th AGM notice with preferential share issue to promoter firm

Board & Shareholder Meetings View source PDFExplain this filing

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AI summary

Kerala Ayurveda's 34th AGM is scheduled for September 28, 2026 at 11 AM via video conferencing. Key agenda: adoption of FY26 audited financials, re-appointment of Chairman Ramesh Vangal, ratification of cost auditor fee of Rs 1.5 lakh, and a special resolution to issue 7,20,000 equity shares at Rs 190.37 each to promoter group firm Katra Holding, valued at Rs 13.71 crore, by partially adjusting its Rs 26.41 crore unsecured loan. FY26 consolidated revenue grew 19 percent to Rs 145.4 crore but PBT was negative Rs 16.4 crore.

Likely market impact

Promoter group preferential issue will dilute minority stakes but reduces debt. FY26 losses widened, but company targets operating break-even by January 2027.