Kerala Ayurveda Limited's board has approved a preferential issue of up to 7,20,000 equity shares at Rs. 190.37 each.

This move converts an outstanding unsecured loan of Rs. 26.41 Cr from Katra Holding Private Limited (a promoter group entity) into equity, with the issue totaling approximately Rs. 13.71 Cr.

Shareholder approval for this equity conversion will be sought at an upcoming Annual General Meeting.

This action aims to strengthen the company's balance sheet by reducing debt through equity.