Kaya Limited — Others, 28-01-2025: Change in Director(s)

Kaya Limited has announced a board meeting outcome, including its un-audited financial results for the quarter ended December 31, 2024. The company reported a revenue of ₹58.35 crore and a net loss of ₹15.40 crore, highlighting ongoing financial challenges. The board approved borrowing ₹9 crore from directors and appointed Vivek Anant Karve and Anita Belani as independent directors, pending shareholder approval. Significant loan repayments to directors of up to ₹90 crore were also approved. This news suggests continued financial instability, yet the new director appointments could enhance governance, offering a cautiously optimistic outlook for investors.