ALPHA TRIBE

Kaya LimitedOthers, 12-05-2025: Shareholders meeting

12-05-2025 | 08:24 pm

Kaya Limited has announced a postal ballot for shareholders to approve related party transactions involving loan repayments to Mr. Harsh Mariwala, Chairman & Managing Director, and Mr. Rajen Mariwala, Non-Executive Director and promoter group member. The repayments are capped at ₹100 Crores each for fiscal 2025-26. These transactions are expected to be commercially beneficial and conducted at arm’s length in the ordinary course of business. Approval is required as the repayment amounts represent nearly 25% of the company’s FY24 consolidated turnover, highlighting their material impact.

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