Kaya Limited — Others, 28-05-2025: Change in Director(s)

Kaya Limited has announced a board meeting on which the financial results for the quarter and half-year were approved. The Group posted a consolidated net profit of Rs. 83.68 Cr, boosted by a Rs. 129 Cr exceptional gain from selling its discontinued Middle East operations, while continuing businesses faced a loss of Rs. 33.37 Cr. Standalone results showed a net loss of Rs. 26.51 Cr. Total assets dropped to Rs. 236.73 Cr due to subsidiary sales, and borrowings rose to Rs. 144.07 Cr with promoter support. The Board approved a Rs. 9 Cr loan from directors, secretarial auditor appointment for five years, re-appointment of a non-executive director, and amendments to the ESOP including restricted stock units, subject to shareholder approval. A Rs. 22.48 Cr provision was made for an EPFO liability dispute. Despite losses and negative net worth, promoter funding sustains operations.