Kaya EGM 2026: Preferential issue wins 99.9999% votes

What happened at Kaya’s EGM

Kaya Limited’s shareholders voted on a set of business items at an Extraordinary General Meeting (EGM), where the scrutinizer’s process indicated overwhelming support across all resolutions placed for approval. The scrutinizer’s reporting process covered both remote e-voting and e-voting conducted during the meeting. As per the meeting details, the EGM commenced at 10:00 am and concluded at 10:28 am. Remote e-voting was provided to eligible shareholders over a three-day window from September 2 to September 4, 2026. E-voting at the meeting was also kept open for 15 minutes after the conclusion. The key decisions included a preferential issue of shares, appointments involving the Mariwala family, and amendments linked to employee stock options.

Shareholder base and participation snapshot

The company recorded 18,146 shareholders as of August 31, 2026. Voting participation, as described in the meeting outcome summary, included 83 members voting through remote e-voting and one member voting during the meeting. The voting was conducted in line with electronic voting requirements, with NSDL engaged to facilitate the process. The company also stated that once a vote is cast through the e-voting system, it cannot be changed. Members attending through VC/OAVM are counted for quorum purposes under Section 103 of the Companies Act, 2013.

Resolutions voted on: preferential issue, board appointments, ESOP changes

The EGM covered three special resolutions and one ordinary resolution. The special resolutions included the preferential issue of shares, appointment of Harsh Mariwala, and ESOP amendments. The ordinary resolution covered the appointment of Rishabh Mariwala. The voting figures disclosed in the summary show near-unanimous approval across items, with 12 votes recorded against each resolution and vote-for counts varying by item. On the face of the numbers provided, each resolution shows 99.9999% votes in favour.

EGM voting outcomes table

Scrutinizer role and compliance framework

Kaya appointed Mr. Sitansh Magia (Membership No. A15169), Practicing Company Secretary, holding Certificate of Practice No. 18972, as the scrutinizer to supervise and scrutinize the e-voting process. The scope included both remote e-voting and voting at the meeting through the electronic voting system. The company has described that the scrutinizer will submit his report to the Chairman upon completion of the scrutiny. After that, the Chairman has authorized the Company Secretary to declare the voting results, intimate the same to the stock exchanges, and place the results on the company’s website.

Why the results are still described as pending

While the voting summary states that the scrutinizer’s report confirmed the passage of all resolutions with the requisite majority, the company also states that the official voting results are being compiled and will be disclosed to the stock exchanges once the scrutinizer finalizes the report. The same communication notes that Kaya is finalizing the scrutinizer’s report overseen by the independent company secretary, and that the final voting results will be formally communicated to the BSE and NSE after submission. Until then, the resolutions are described as being in a pending state from a disclosure standpoint. This distinction matters for investors because exchange filings are the formal public record used for regulatory and market communication.

Context: Kaya’s recent AGM voting outcomes

Kaya’s 23rd Annual General Meeting (AGM) was held on August 7, 2026 via video conferencing, where shareholders approved the audited financial statements for FY26 and voted on board-related items. Across three resolutions at that AGM, a total of 10,029,379 votes were polled, representing 66.04% of total shares held. Of 18,322 eligible shareholders, 70 members cast votes, with 68 through remote e-voting and two during the AGM. The proceedings were scrutinized by Magia Halwai & Associates, and the company stated detailed results and the scrutinizer’s report were uploaded to the website and stock exchanges pursuant to Regulation 44 of SEBI (LODR) Regulations, 2015.

Additional background: postal ballot and earlier EGM record

Kaya also reported a postal ballot outcome dated March 2, 2026, where shareholders approved a special resolution to change the objects clause for fund utilization from a preferential equity issue. That resolution received 99.99% votes in favour, with 10,021,432 votes for and 76 votes against, and participation of 112 members representing 65.98% of outstanding shares (10,021,508 votes polled out of 15,187,609 total outstanding shares). Separately, Kaya disclosed that shareholders overwhelmingly approved a proposal for preferential allotment of equity shares at an EGM held on July 22, 2025, with 7,772,958 total votes cast and 99.99% in favour. The company stated it submitted the voting results and scrutinizer’s report to stock exchanges and made them available on its website.

Market impact: what investors should track next

The immediate market relevance of this EGM is tied to the company’s next regulatory step, which is the disclosure of the final voting results to BSE and NSE after completion of scrutiny. The resolutions cover capital raising via preferential issue and leadership-related appointments, which are typically treated as governance and funding milestones that require formal exchange communication. The company’s own language indicates the decisions await final scrutiny confirmation for final approval in the disclosure process. Investors tracking Kaya will likely watch for the exchange filing that includes the finalized voting results and scrutinizer’s report, along with any accompanying corporate actions or implementation steps linked to the resolutions.

Conclusion

Kaya’s EGM voting numbers indicate near-unanimous shareholder support for the preferential issue, Mariwala appointments, and ESOP amendments. The process is now centered on the scrutinizer’s finalized report and the subsequent disclosure of results to BSE and NSE. Until those filings are made, the company has indicated the resolutions remain pending in terms of formal communication. The next confirmed step is submission of the scrutinizer’s report to the Chairman and the authorized declaration and dissemination of results through stock exchange intimation and publication on Kaya’s website.