Kaya Limited Shareholders Approve Objects Clause Amendment with 99.99% Majority

Kaya Limited has successfully concluded its postal ballot process with shareholders approving a special resolution to amend the objects clause for fund utilization from preferential equity shares issue. The company announced the results on March 2, 2026, following the completion of the remote e-voting process. Voting Results Overview The postal ballot witnessed overwhelming support from shareholders across all categories. A total of 112 members participated in the voting process, casting votes for 10021508 shares out of 15187609 total outstanding shares, representing a participation rate of 65.98%. Voting Summary: Details Total Outstanding Shares: 15187609 Total Votes Polled: 10021508 Participation Rate: 65.98% Votes in Favour: 10021432 Votes Against: 76 Approval Percentage: 99.99% Category-wise Voting Breakdown The resolution received unanimous support from promoters and institutional investors, with minimal dissent from public non-institutional shareholders. Category: Shares Held Votes Polled Participation % Votes in Favour Votes Against Promoter and Promoter Group: 7810924 7761555 99.37% 7761555 0 Public Institutions: 524453 161631 30.82% 161631 0 Public Non-Institutions: 6852232 2098322 30.62% 2098246 76 Resolution Details The special resolution pertained to changing the objects clause for the utilization of funds raised through the preferential issue of equity shares. The postal ballot notice was dated January 28, 2026, and the voting process was conducted entirely through remote e-voting mechanism. Voting Process Timeline The remote e-voting process was conducted through NSDL's platform, with the voting period spanning from February 1, 2026, at 9:00 a.m. IST to March 2, 2026, at 5:00 p.m. IST. The cut-off date for determining eligible shareholders was January 23, 2026, with notices sent electronically to 17279 members out of 18489 total members. Scrutinizer Certification Sitansh Magia of Magia Halwai & Associates, appointed as the scrutinizer for the postal ballot process, certified that the resolution was passed with the requisite majority. The scrutinizer's report confirmed that all procedural requirements under the Companies Act, 2013, and SEBI regulations were duly complied with during the voting process. The company has fulfilled all regulatory requirements by communicating the results to stock exchanges and will display the results at its registered office and website as mandated by applicable regulations. Kaya Limited's Board of Directors has approved a strategic variation in the terms of its preferential issue objects, marking a significant development in the company's capital allocation strategy. The decision was taken during the board meeting held on January 28, 2026, and represents an evolution from the original resolution approved by members on July 22, 2025. Board Decision Details The board's approval centers on modifying the objects of the preferential issue to better align with current business requirements and market dynamics. This strategic shift demonstrates the company's commitment to prudent capital allocation and operational efficiency as key drivers for sustainable growth. Parameter Details Meeting Date January 28, 2026 Original Approval Date July 22, 2025 Regulatory Framework SEBI (LODR) Regulations, 2015 - Regulation 30 Required Approval Shareholders of the Company Strategic Rationale The variation in terms reflects Kaya Limited's response to evolving business requirements and the company's strategic focus on maintaining competitive positioning. The board emphasized that this decision aligns fund utilization with prevailing industry trends and competitive dynamics, positioning the company for enhanced long-term growth prospects. Revised Fund Utilization Framework Subject to shareholder approval, the company proposes to expand the scope of fund deployment beyond the original parameters. The revised framework encompasses: Growth and business expansion initiatives Working capital requirements to support operational efficiency Optimum utilization of proceeds to maximize shareholder value This dual-purpose approach ensures that the company maintains flexibility in capital deployment while addressing both strategic growth objectives and operational funding needs. Regulatory Compliance The intimation was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full compliance with disclosure requirements. Company Secretary and Compliance Officer Nitika Dalmia signed the regulatory filing, confirming the board's formal approval of the variation in preferential issue terms. The proposed changes require shareholder approval before implementation, maintaining corporate governance standards and ensuring stakeholder participation in significant capital allocation decisions. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians. As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. 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