StockWatch
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Pharmaceuticals
Board Meeting12 Aug 2026, 03:41 pm

Kerala Ayurveda Board Approves Unaudited Results, Merger Scheme

AI Summary

Kerala Ayurveda Limited's Board of Directors met on August 12, 2026, approving the unaudited financial results for the quarter ended June 30, 2026 (standalone and consolidated) with an unmodified auditor's report. The board also approved a scheme of amalgamation between the company and its wholly-owned subsidiary, Ayurvedagram Heritage Wellness Centre Private Limited, subject to shareholder and regulatory approvals. Additionally, Mr. Ramesh Vangal was re-appointed as Non-Executive Director, and 64,875 Employee Stock Options (ESOPs) were approved for eligible employees.

Key Highlights

  • Unaudited financial results for Q1 FY27 approved.
  • Scheme of Amalgamation with subsidiary approved.
  • Mr. Ramesh Vangal re-appointed as Non-Executive Director.
  • 64,875 ESOPs granted to employees.
  • Auditors issued an unmodified limited review report.