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- Important
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Kaya Limited has announced a board meeting to approve the financial results for the quarter and half-year. The company approved unsecured borrowings of Rs 9 Cr each from two directors and appointed Magia Halwai & Associates as secretarial auditors for five years, pending shareholder approval. Amendments to the Employee Stock Option Plan were also approved, including expanding eligible employees and introducing Restricted Stock Units, subject to postal ballot approval. For FY25, consolidated revenue stood at Rs 217.17 Cr with a net profit of Rs 83.68 Cr, mainly from a Rs 128.99 Cr gain on divesting Middle East operations; continuing operations posted a Rs 33.37 Cr loss. The balance sheet shows a negative net worth of Rs 139.45 Cr, but management expects to meet obligations with promoter support and available funds. A Rs 22.48 Cr provision was made for a disputed EPFO liability, with the appeal revoked and final resolution pending. Auditors confirmed the going concern status for both standalone and consolidated accounts.