Kaya Limited — Board Meeting, 28-05-2025: Outcome of Board Meeting
28-05-2025 | 10:22 pm
28-05-2025 | 10:22 pm
Kaya Limited has announced a board meeting on approving consolidated financial results, posting a net profit of Rs. 83.68 Cr versus a loss of Rs. 129.65 Cr last year, with revenue rising to Rs. 217.17 Cr. While continuing operations showed a loss of Rs. 33.37 Cr, discontinued operations boosted overall profits. The board approved director loans totaling Rs. 18 Cr to support operations. Employee Stock Option Plan amendments to include Restricted Stock Units cleared the way for shareholder nod. Rishabh Mariwala was re-appointed as Non-Executive Director, alongside new Secretarial Auditors for five years. The company is prioritizing working capital management amid its Middle East business exit.
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