Postal Ballot - outcome
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 announced the results of its postal ballot (e-voting) that ended on 22nd August 2025. Of the six resolutions put to vote, five were passed with overwhelming majority (over 96% in favor). These include continuation of Mr. Ramesh Vangal as Chairman (99.99% in favor), appointment of Mr. Saif Khan as Independent Director (99.15% in favor), increase in overall borrowing limits under Section 180(1)(c) (99.15% in favor), and material related party transactions with Katra Holding Pvt Ltd (97.66% in favor) and Katra Phytochem (India) Pvt Ltd (96.95% in favor). However, Resolution No. 2 seeking approval for continuation of Mr. Anand Subramanian as Non-Executive, Non-Independent Director was rejected by shareholders, with only 0.60% voting in favor against 99.40% voting against. The scrutinizer was Mr. Pramod S M of BMP & Co., LLP.
The rejection of Mr. Anand Subramanian's continuation as a director is a significant outcome and likely means he will cease to be on the board, signaling notable shareholder dissent. The approval of higher borrowing limits gives the company more financial flexibility, while passage of related party transactions with Katra group entities (Katra Holding and Katra Phytochem) allows those deals to proceed. Shareholders should monitor board composition changes and any leadership transition that follows from the rejected resolution.