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Kaya Ltd ( (IN:KAYA) ) has provided an update.
Kaya Limited has initiated a postal ballot process to seek shareholders’ approval for changing the objects clause governing the utilization of funds raised through a prior preferential issue of 20,90,068 equity shares. The company is conducting the vote exclusively via remote e-voting, facilitated by NSDL, for members whose emails are registered as of the specified cut-off date, in line with Companies Act, MCA and SEBI regulations. Approval of this special resolution would allow Kaya to vary or revise how the preferential issue proceeds are deployed versus the original plan approved at an earlier extraordinary general meeting, potentially giving management greater flexibility in capital allocation and future strategic initiatives.
More about Kaya Ltd
Kaya Limited operates in the skincare and wellness industry, offering dermatology-led cosmetic treatments and related products across its network of clinics and retail channels. The company focuses on beauty, skin, and hair care solutions targeted at urban and aspirational consumers in India and select international markets.
Average Trading Volume: 2,019
Technical Sentiment Signal: Strong Sell
Current Market Cap: 5.33B INR
For an in-depth examination of KAYA stock, go to TipRanks’ Overview page.