Outcome of EGM held on 18.06.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kerala Ayurveda Limited held an Extra Ordinary General Meeting (EGM) on 18 June 2025 via video conference, from 11:00 a.m. to 11:35 a.m. Shareholders considered four resolutions: (1) appointment of Mr. Utkarsh Singh as a Non-Executive Non-Independent Director, (2) ratification of material related party transactions with Ayurvedagram Heritage Wellness Centre Private Limited for FY 2024-25 that had crossed the prescribed limits, (3) increasing the materiality threshold for future related party transactions with the same party for FY 2025-26 and 2026-27, and (4) increasing the Employee Stock Option (ESOP) pool under the Kerala Ayurveda Employee Restricted Stock Unit Plan, 2023. Remote e-voting was open from 15 June to 17 June 2025, with the option to vote electronically at the meeting as well. The Scrutinizer's report and final voting results are still awaited and will be shared with BSE shortly.
Shareholders should watch for the final voting results, especially on the related party transactions with Ayurvedagram Heritage Wellness Centre — approval signals continued business dealings with a connected entity. The ESOP pool expansion could lead to some dilution of existing shareholders' stake, while the new director appointment may bring additional oversight or strategic input to the board.