Kerala Ayurveda Ltd

Q1 FY27 highlights

• Consolidated revenue Rs 33.19 Cr, +16.0% YoY.
• Standalone revenue Rs 22.53 Cr, +28.3% YoY.
• Operating EBITDA (Adj.) loss Rs 3.82 Cr; QoQ improvement ~50%.
• PBT Rs -8.23 Cr; PAT Rs 8.08 Cr (YoY includes land sale gain).
• Global E-Product +32.3% YoY; India D2C +38.9% YoY.
• EBITDA improvement driven by margins, disciplined marketing, lower staff costs, tighter overheads.

Strategic and operational plan

• Vision 2030 target: Rs 1,000 Cr revenue by FY30.
• Open clinics in San Jose, Eindhoven, and India by Nov 2026.
• Karwar Health Village opens Oct 2026; Costa Rica Ayurvedagram Jan 2027.
• New premium Ayurveda brand to launch in Nov 2026.
• ERP-Next rollout to begin Oct 2026 for real-time visibility.

Outlook and capital structure

• Promoter loans conversion to equity planned in H2 FY27 to ease interest burden.
• Management confident of achieving all three Vision 2030 milestones.
• PBT negative due to higher promoter loan interest; prior-year land sale gain affected PAT.

Key disclosures

• Quarter ended June 30, 2026: unaudited standalone and consolidated results with unmodified limited review.
• Scheme of Amalgamation with Ayurvedagram Heritage Wellness Centre Private Limited approved, subject to shareholder and NCLT approvals.
• Ramesh Vangal re-appointment as Non-Executive Director; appointment at ensuing AGM.
• AGM scheduled for September 28, 2026.
• NRC approved 64,875 ESOPs under Kerala Ayurveda Employee RSU Plan 2023; exercise price Rs 10.
• Limited Review Report by Statutory Auditors issued with unmodified opinion.
• No change in shareholding pattern post-amalgamation.
• Transferor Ayurvedagram turnover Rs 1546.69 Lakhs; PAT Rs 316.16; net worth Rs 1622.79.
• Transferee Kerala Ayurveda turnover Rs 8548.49 Lakhs; PAT Rs -1474.12; net worth Rs 3614.78.

Dematerialisation/rematerialisation status

• Securities received for dematerialisation in the reporting quarter have been dematerialised and listed.
• Physical certificates received for dematerialisation were mutilated and cancelled after verification.
• The depository name has been substituted as registered owner within 15 days.

Independent director resignation

• Mr. Samir Dhawan Agarwal resigned as Independent Director, effective close of business on June 9, 2026.
• Reason cited: other professional commitments requiring increased time and attention.
• He confirmed there were no other material reasons for resignation.
• No listed-entity directorships or committee memberships were reported.
• No board or committee composition impact was stated.

Company secretary appointment

• Mr. Binu Thomas appointed Company Secretary and Compliance Officer, effective 9 June 2026.
• Board approved the appointment at its meeting on 9 June 2026.
• He is an ICSI Fellow Member with MBA, GST diploma, and over 10 years' experience.
• Previously served as Company Secretary and Compliance Officer at Harrisons Malayalam Limited.
• No director relationship disclosure was applicable.