Outcome of the Board Meeting pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Awaiting price reaction for this filing.
KD Leisures Ltd's board has approved a major business transformation, including changing the company name from 'KD Leisures Limited' to 'Vedic Ayurveda Limited'. The company will pivot from leisure/hospitality to Ayurvedic and herbal healthcare products and wellness services. The board also regularized three new directors: Ms. Kanchan Yadav (Independent Director), Ms. Deepika Awasthi (Executive Director with 15+ years in astrology and spiritual services), and Ms. Anubha Kumari Sinha (Non-Executive Director). New business objects have been added to the Memorandum of Association to include manufacturing Ayurvedic products, operating wellness centers, clinics, and e-commerce operations for healthcare offerings. An Extra-Ordinary General Meeting will be held via video conferencing to seek shareholder approval for these changes.
This represents a complete pivot in business strategy from leisure to Ayurveda/healthcare. Existing shareholders should note this is a speculative transformation into a new sector, with new directors bringing spiritual and wellness expertise rather than traditional corporate experience. Shareholder approval at the EGM will be required for the name change and MoA alterations.