Kaya Limited — Board Meeting, 28-01-2025: Outcome of Board Meeting

The Board of Directors of Kaya Limited has approved the un-audited financial results for the quarter and half-year, revealing a loss of Rs 15.40 crore for Q3 FY2025, compared to a loss of Rs 2.88 crore during the same period last year. Total income stood at Rs 59.47 crore, with expenses amounting to Rs 74.86 crore.

Additionally, the board approved borrowing Rs 9 crore each from directors Mr. Harsh Mariwala and Mr. Rajen Mariwala, and the appointment of Vivek Anant Karve and Anita Belani as Independent Directors, along with Mr. Nikhil Khattau as a Non-Independent Non-Executive Director, all effective April 1, 2025, pending shareholder approval. Director loans of up to Rs 90 crore were also approved for repayment, alongside plans for a postal ballot on these matters.