Shareholder''s Meeting on 18th June 2025
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Kerala Ayurveda Limited has called an Extraordinary General Meeting on 18th June 2025 at 11:00 AM via video conferencing. Four key resolutions will be tabled: (1) Appointment of Mr. Utkarsh Singh (DIN: 09244896) as Non-Executive Non-Independent Director; (2) Ratification of material related party transactions with Ayurvedagram Heritage Wellness Centre Private Limited for FY 2024-25, which at ₹12.84 Crores exceeded the prescribed materiality threshold of ₹10.78 Crores by ₹2.06 Crores; (3) Increasing the materiality threshold for future related party transactions with Ayurvedagram to ₹20 Crores per year for FY 2025-26 and 2026-27; and (4) Expanding the ESOP 2023 pool from 6,66,640 to 12,03,245 stock options, representing 10% of the paid-up equity share capital. Remote e-voting opens 15th June and closes 17th June 2025, with the cut-off date set as 11th June 2025.
Shareholders should review these resolutions carefully, especially the related party transaction overshoot and the proposed increase in related party limits, as well as the near-doubling of the ESOP pool which will lead to greater dilution. Voting outcomes on 18th June 2025 could shape governance and capital structure going forward.