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Kaya Shareholders Approve Change in Use of Preferential Issue Funds with 99.99% Majority
Kaya Limited has successfully passed a special resolution via postal ballot to change the objects clause regarding the utilization of funds raised through a previous preferential issue of equity shares. The resolution received overwhelming support, with 99.99% of the total 1,00,21,508 votes cast in favor. A total of 112 shareholders participated in the electronic voting process which concluded on March 2, 2026. This approval provides the company with the necessary mandate to redeploy capital as per its updated strategic requirements.
Key Highlights
Special resolution passed to modify the objects clause for utilizing funds from a preferential equity issue.
The resolution received 1,00,21,432 votes (99.99%) in favor and only 76 votes (0.01%) against.
A total of 112 members participated in the remote e-voting process conducted between Feb 1 and March 2, 2026.
Promoter and Promoter Group polled 77,61,555 votes, all of which were in favor of the resolution.
Public non-institutions contributed 20,98,246 votes to the total count.
💼 Action for Investors
Investors should monitor future disclosures to understand the specific new projects or operational areas where these funds will now be deployed. While the shareholder support is a positive sign for management, the impact on ROI will depend on the efficiency of the new capital allocation.
Kaya Q3 FY26 Revenue Up 3% to ₹60 Cr; Net Loss Widens to ₹36.2 Cr
Kaya Limited reported a modest 3% YoY revenue growth to ₹60 crore for Q3 FY26, driven by a 7% growth in its clinic business. However, the company faced a significant consolidated net loss of ₹36.2 crore, a sharp decline from the ₹3.5 crore profit reported in the same quarter last year. While specific service categories like Acne & Scars (+52%) and Products (+34%) showed strong momentum, the overall bottom line was heavily impacted. The widening losses despite marginal revenue growth suggest increased operational costs or significant one-time adjustments.
Key Highlights
Consolidated revenue grew 3% YoY to ₹60.0 crore for the quarter.
Net loss widened significantly to ₹36.2 crore compared to a profit of ₹3.5 crore in Q3 FY25.
Acne & Scars services saw a robust 52% growth, aided by new technology adoption.
Product business registered strong growth of 34% YoY, led by Nutraceuticals and Anti-Ageing segments.
Clinic business revenue increased by 7% YoY and showed a 12% sequential improvement over Q2 FY26.
💼 Action for Investors
Investors should exercise caution as the company has swung back into a significant loss despite marginal revenue growth. It is critical to monitor management's explanation for the bottom-line deterioration and the sustainability of high-growth niche segments.
Kaya Ltd to Reallocate Preferential Issue Funds for Working Capital Needs
Kaya Limited's Board has approved a variation in the utilization of proceeds from its preferential issue originally approved by members on July 22, 2025. While the funds were initially earmarked for growth and business expansion, the company now proposes to also deploy them toward meeting working capital requirements. This shift is intended to align capital allocation with current industry trends and ensure optimum utilization of funds. The proposed change is subject to the final approval of the company's shareholders.
Key Highlights
Board approved variation in the objects of the preferential issue sanctioned on July 22, 2025
Funds will now be utilized for working capital requirements in addition to growth and expansion
Decision aims to improve operational efficiency and respond to competitive dynamics
The reallocation of funds is subject to the upcoming approval of the shareholders
💼 Action for Investors
Investors should monitor the shareholder resolution for details on the specific amount being diverted to working capital to assess if this indicates cash flow pressure or strategic flexibility.
Kaya Q3 FY26: Revenue Grows 3% YoY, Net Loss Widens Significantly to ₹35.5 Crore
Kaya Limited reported a marginal 3% year-on-year growth in standalone revenue to ₹60.03 crore for Q3 FY26. However, the net loss more than doubled to ₹35.55 crore compared to ₹15.40 crore in the same quarter last year, driven by a sharp rise in other expenses and an exceptional item of ₹5.19 crore. The company continues to face severe financial stress with a negative net worth and working capital position, relying heavily on promoter support to remain a going concern.
Key Highlights
Revenue from operations increased to ₹6,003.66 Lakhs in Q3 FY26 from ₹5,835.06 Lakhs in Q3 FY25.
Net loss widened to ₹3,554.87 Lakhs for the quarter, compared to a loss of ₹1,539.81 Lakhs in the previous year.
Recognized an exceptional charge of ₹519.23 Lakhs related to the impact of new Labour Codes.
Other expenses surged by 68% YoY to ₹3,976.48 Lakhs from ₹2,365.18 Lakhs.
Auditors highlighted a 'going concern' risk as the company has negative net worth and working capital as of December 31, 2025.
💼 Action for Investors
Investors should exercise extreme caution due to the company's widening losses and negative net worth. The stock remains high-risk, with survival currently dependent on continuous financial support from the promoter group.
Kaya Appoints Dhivya Ashok as COO for South & East Regions
Kaya Limited has appointed Ms. Dhivya Ashok as the Chief Operating Officer for its South and East regions, effective January 17, 2026. Ms. Ashok brings over 10 years of experience in scaling omni-channel, tech-enabled consumer businesses, including roles at CaratLane and Naturals Salon & Spa. Her expertise in the salon and spa industry, specifically building the Naturals@Home vertical, aligns well with Kaya's core business model. This appointment is expected to strengthen the company's regional leadership and operational execution in key Indian markets.
Key Highlights
Appointment of Ms. Dhivya Ashok as COO - South & East effective January 17, 2026
Over 10 years of experience in scaling consumer businesses across India and the US
Former Regional Business Head at CaratLane (A TATA Product) and Business Head at Naturals Salon & Spa
Pivotal experience as part of Uber's India Launch Team
Strengthens Senior Management Personnel (SMP) with specialized industry expertise
💼 Action for Investors
Investors should view this as a positive step towards professionalizing regional management; monitor if this leadership change leads to improved operational metrics in the South and East regions.
Kaya Appoints Saurav Jha as Chief Business Transformation Officer Effective Dec 22, 2025
Kaya Limited has announced the appointment of Mr. Saurav Jha as the Chief Business Transformation Officer, effective December 22, 2025. Mr. Jha brings over 18 years of extensive experience in business operations, category management, and market expansion from high-growth companies like CaratLane and Urban Company. His background in technology-driven firms suggests a strategic move by Kaya to modernize its operations and scale its business model. This leadership addition is aimed at driving the company's transformation and growth initiatives.
Key Highlights
Appointment of Saurav Jha as Chief Business Transformation Officer effective December 22, 2025.
Mr. Jha has over 18 years of experience in leadership roles at CaratLane, Urban Company, and Pristyn Care.
Previously served as Head of International Business at CaratLane, leading global expansion.
Educational background includes an MBA from the Indian School of Business (ISB) and an Engineering degree from MIT Manipal.
💼 Action for Investors
Investors should monitor the company's operational efficiency and expansion progress under the new leadership. This appointment is a positive signal for Kaya's long-term strategic transformation goals.