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Kaya Limited shareholders to vote on ESOP amendment, appoints Mariwalas to key roles
12-Aug-2026, 03:29
Kaya Limited is seeking shareholder approval for an amendment to its Employee Stock Option Plan (ESOP), requiring a special resolution passed with at least 75% of the vote. The company also announced the appointments of Harsh Mariwala as Chairman and Non-Executive Director, and Rishabh Mariwala as Managing Director. Mr. Mariwala, age 75, brings over 50 years of experience primarily from Marico Limited, while Mr. Mariwala, age 44, has 17 years of experience and is the son of Harsh Mariwala. Both directors will serve on the Stakeholders Relationship Committee and Audit Committee and currently receive no remuneration beyond sitting fees and expense reimbursement. Shares acquired through ESOP option exercises are not subject to a lock-in period, and while a share buyback is not currently planned, the ESOP plan allows for it in the future.
Kaya Limited is seeking shareholder approval for an amendment to its Employee Stock Option Plan (ESOP), requiring a special resolution passed with at least 75% of the vote. The company also announced the appointments of Harsh Mariwala as Chairman and Non-Executive Director, and Rishabh Mariwala as Managing Director. Mr. Mariwala, age 75, brings over 50 years of experience primarily from Marico Limited, while Mr. Mariwala, age 44, has 17 years of experience and is the son of Harsh Mariwala. Both directors will serve on the Stakeholders Relationship Committee and Audit Committee and currently receive no remuneration beyond sitting fees and expense reimbursement. Shares acquired through ESOP option exercises are not subject to a lock-in period, and while a share buyback is not currently planned, the ESOP plan allows for it in the future.