Kaya Ltd Board Approves Preferential Share Issue and Increases ESOP Pool
Kaya Limited announced several key decisions following a recent meeting of its Board of Directors, including the approval of a preferential issue of equity shares and an increase in the pool size allocated under its Employee Stock Option Plan (ESOP).The Board considered and approved the issuance of 18,24,150 equity shares on a preferential basis. Each share was offered at an issue price of Rs. 274.10/- (Rupees Two Hundred Seventy-Four and Ten Paise only), which is noted to be higher than the floor price determined under relevant regulations. The total aggregate cash consideration for this Preferential Issue amounts to Rs. 49,99,99,515/-, designated for Axana Estates LLP and Plutus Investments India Private Limited as Proposed Allottees.
The details regarding the shareholding and issuance are summarized below:
| Particulars | Details |
|---|---|
| Type of Securities | Equity Shares |
| Issuance Type | Preferential allotment for cash consideration |
| Total Shares Issued | Upto 18,24,150 equity shares |
| Aggregate Consideration | Rs. 49,99,99,515/- |
The preferential allotment involved two investors: Axana Estates LLP and Plutus Private Limited. The shareholding figures pertaining to the allottees are detailed as follows:
| Investor | Pre-Issue Shareholding (Shares / %) | Post-Issue Shareholding (Shares / %) |
|---|---|---|
| Axana Estates LLP | 20,90,068 shares / 13.76% | 29,35,077 shares / 17.25% |
| Plutus Private Limited | Nil | 9,79,141 shares / 5.76% |
In another decision, the Board of Directors approved a proposal to increase the existing ESOP Pool under the 'Kaya ESOP Plan -2021'. Based on recommendations from the Nomination and Remuneration Committee, the size of the ESOP Pool was increased by 4,00,000 options. This increases the total available ESOP pool from 8,03,204 options to 12,03,204 options.
The Board also announced the convening of an extra-ordinary general meeting (EGM) on Saturday, September 05, 2026, which is scheduled to consider and approve the matters approved during the Board meeting. The Board Meeting commenced at 10:30 a.m. and concluded at 10:45 a.m.
KAYA Stock Price Movement
Shares of Kaya Limited are edging higher to ₹280 as of 10:57 AM today, after gaining 3.32% or ₹9.00 in live trading. The stock has seen a volume of 43,285 shares registered so far this session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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