Latest news with #KDA
Cision Canada
2 days ago
- Business
- Cision Canada
KDA GROUP ANNOUNCES CLOSING OF PRIVATE PLACEMENT Français
THETFORD MINES, QC, May 29, 2025 /CNW/ - KDA Group Inc. (TSXV: KDA) (" KDA" or the " Corporation"), a leader in innovative technological solutions for healthcare professionals, is pleased to announce the closing of a private placement with accredited investors totaling 8,800,000 units (the " Units") at a price of $0.25 per Unit for total gross proceeds of $2,200,000 (the " Private Placement"). Each Unit consists of one Class A Share of KDA (" Common share") and one Common share purchase warrant (a " Warrant"). Each Warrant entitles the holder to purchase one additional Common share of the Corporation at an exercise price of $0.35 per Common share for a period of 24 months ending May 29, 2027. All securities issued pursuant to the Private Placement are subject to a mandatory four-month and one-day hold period expiring on September 30, 2025 in accordance with applicable securities regulations. KDA will use the Private Placement proceeds for its working capital and general corporate purposes. No finder's fee nor commission are payable in connection with the Private Placement. The Private Placement was carried out pursuant to prospectus exemptions of applicable securities laws and is subject to final acceptance by the TSX Venture Exchange. Marc Lemieux, an officer and director of the Corporation, purchased 80,000 Units for a total consideration of $20,000. Marc Lemieux is hereinafter referred to as the "Insider". The Insider is considered "related party" and "insider" of the Corporation for the purposes of applicable securities laws and stock exchange rules. The subscription and issuance of Units by the Insider constitutes a related party transaction but is exempt from the formal valuation and minority approval requirements of Regulation 61-101 respecting Protection of Minority Security Holders in Special Transactions as neither the fair market value of the Common shares and Warrants issued to the Insider, nor the consideration paid by such Insider, exceeds 25% of the Corporation's market capitalization. ABOUT KDA GROUP KDA Group is a leader in technological innovations and specialized software solutions (SaaS – Software as a service) for the healthcare professionals' market. KDA is a corporation that offers quality products and has respected expertise among the various stakeholders in the pharmaceutical and medical sectors. The technology products developed by KDA aim, among other things, to accelerate the healthcare's digital transformation, and are available for the Canadian and international markets. Additional information about the Corporation is available at and on SEDAR+ at This press release from KDA Group contains forward-looking statements. Forward-looking statements are typically identified by the words assumption, goal, guidance, objective, outlook, strategy, target, and other similar expressions, or future or conditional verbs such as aim, anticipate, believe, predict, could, expect, intend, may, plan, seek, should, strive, and will. By their nature, forward-looking statements require us to make estimates and assumptions and express opinions based on current conditions and anticipated developments, as well as other factors that Management may deem appropriate under the circumstances. There is inherent uncertainty and significant risk in these estimates, assumptions, and opinions, particularly of a commercial, economic, and competitive nature, and they are therefore subject to change. KDA Group cannot guarantee that these estimates, assumptions, and opinions will prove to be accurate. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Indian Express
4 days ago
- Politics
- Indian Express
Consensus on who qualifies as domicile of Ladakh after stakeholders meet in Delhi
The High Powered Committee (HPC), constituted by the Union Ministry of Home Affairs in January 2023 to address the issues and concerns of the people of Ladakh, convened in New Delhi on Tuesday. The key concern raised during the meeting was taking forward discussions on the issue of 'domicile certificates' to Ladakh residents with a view to safeguarding job rights for locals. Sajjad Kargili, who is part of the HPC, said the committee has 'reached consensus' that 'to qualify as a domicile of Ladakh, a citizen must show continuous residence from 2019 with a 15-year prospective.' However, the decision, as per those present in the meeting, will be sent for a legal review before taking shape as policy. This is the HPC's third meeting this year. Representatives of the Ladakh Apex Body (LAB) and Kargil Democratic Alliance (KDA) that form part of the 15-member committee led by Minister of State, Home, Nityanand Rai, met on February 19, and a sub-committee was convened on February 24. The demand for a domicile provision, like for J&K, was first discussed in February this year. 'Ladakh Apex Body and KDA pushed for a 30-year domicile — MHA agreed to review its legal aspect,' Kargili said. Meanwhile, the next meeting of the HPC to discuss the Public Service Commission (PSC) is scheduled for next month. Representatives from Ladakh had earlier told the Centre that on the lines of the High Court for J&K and Ladakh, the PSC should also have been joint; or alternatively, the Union Territory of Ladakh should be given a separate PSC. Underlining the 'no one in Ladakh has been appointed to a single gazetted post over the last six years, since Ladakh was carved out as a UT from the former state of J&K, KDA's Kargili said, 'There's an immense sense of disappointment across Ladakh, because of a lack of a Public Service Commission. The needle has not moved on implementing any safeguards on the ground.' The LAB and KDA have been working with the MHA, raising four main demands — statehood for Ladakh, safeguards under the Sixth Schedule of the Constitution, reservation in jobs for the youth of Ladakh, and creation of separate parliamentary constituencies for the two parts of the region. In March last year, the talks between the Centre and the Ladakh groups had reached an impasse, with members of the committee claiming that the ministry was refusing to engage on core matters of statehood and protections under the Sixth Schedule for Ladakh
The Hindu
4 days ago
- Politics
- The Hindu
15-year continuous stay since 2019 must to be Ladakh domicile
The Union Government is considering a new policy for Ladakh under which citizens who have had a continuous 15-year stay in the region, beginning 2019, will be considered domiciles, according to a consensus reached at a high-powered committee meeting between civil society leaders and the Ministry of Home Affairs (MHA) officials on Tuesday (May 27, 2025). Any 'outsider' who settled in Ladakh after its special status along with that of Jammu and Kashmir (J&K) was struck down in 2019 will be considered a domicile only after 2034. The definition is important to decide eligibility to apply for 5% gazetted government vacancies as many citizens feared that people from other parts of the country would take away the jobs of the locals. At least 80% vacancies are reserved for Scheduled Tribes (ST), 4% for people living along the Line of Actual Control/Line of Control, 1% for Scheduled Castes and 10% for Economically Weaker Sections (EWS). Ladakh became a Union Territory in 2019 without a Legislative Assembly after Article 370 of the Constitution was read down by the Parliament. A year later, the region comprising Buddhist-dominated Leh and Muslim-dominated Kargil district, erupted in protests with civil society leaders pressing forth constitutional safeguards such as Statehood for Ladakh, inclusion of Ladakh in the Sixth Schedule of the Constitution thus giving it a tribal status, job reservation for locals and a parliamentary seat each for Leh and Kargil. Cherring Dorjay Lakruk, the president of Ladakh Buddhist Association and co-convenor of the Leh Apex Body (LAB) who is also part of the high-powered committee (HPC), said, 'It is a big achievement for our cause. The domicile policy will be notified in a week. A similar policy for Jammu and Kashmir was implemented with retrospective effect, but in Ladakh's case, any new domicile will be eligible for a government job only in 2034.' The J&K domicile policy notified in 2020 removed the concept of permanent residents stating that anyone 'who has resided for a period of 15 years in the UT of J&K or has studied for a period of seven years and appeared in Class 10th /12th examination in an educational institution located in the UT of J&K or who is registered as a migrant by the Relief and Rehabilitation Commissioner (Migrants)' will be considered a domicile. The J&K policy said that children of Central government officials who have served in J&K for a 'total period of 10 years' will also be domiciles and it did not give a cut-off date. Since it became a UT, recruitment for gazetted government posts is yet to begin in Ladakh. LAB and Kargil Democratic Alliance (KDA) have been protesting for the past four years. Sajjad Kargili of KDA said, 'LAB and KDA pushed for a 30-year domicile, MHA has agreed to review its legal aspect. Next meeting will be held on modalities of Public Service Commission. The meeting continued for around 4 hours as the two parties were deliberating on the domicile timeline.' The HPC led by Minister of State for Home Nityanand Rai was first constituted in January 2023 to address the concerns of people in Ladakh. The talks broke down in March 2024. In October 2024, climate activist Sonam Wangchuk sat on an indefinite fast in Delhi to draw the government's attention to their demands after which the MHA agreed to resume talks with civil society leaders from Ladakh on December 3 the same year. The next meeting was held on January 15 and Tuesday's meeting was the third round of dialogue after the talks resumed. During the December 3 talks, the MHA had proposed a 95% reservation in government jobs for locals in Ladakh and a one-third reservation for women in hill councils.
Time of India
23-05-2025
- Business
- Time of India
‘Moving to Pune': Bengaluru entrepreneur Kaushik Mukherjee blames ‘language nonsense' for office shift after SBI Kannada row
A Bengaluru tech entrepreneur has announced plans to relocate his company's office to Pune within six months, citing employee concerns about recent language-related incidents in Karnataka. The move follows public debate after a viral video showed a bank manager refusing to speak Kannada in Bengaluru. Bengaluru tech founder cites employee concerns Kaushik Mukherjee , co-founder of a tech firm, posted on X that he had decided to move the office following discussions with his team. "Today I took a decision to wind up our Bangalore office in the next 6 months and move it to Pune. If this language nonsense is to continue, I do not want my non Kannada speaking staff to be the next 'victim'. This idea was mooted by the staff themselves. I agreed to their POV," he wrote. — kush07 (@kush07) Mukherjee's post was a direct response to a viral video of a State Bank of India (SBI) manager in Chandapura, Bengaluru, who refused to speak Kannada to a customer. In the video, the manager says, "This is India, I'll speak Hindi, not Kannada." The incident sparked criticism across the state. Political leaders react to SBI incident Bengaluru South Member of Parliament Tejasvi Surya shared the video on X, writing, "If you are doing customer interface work in Karnataka, especially in a sector like banking, it is important to communicate to customers in the language they know." He also said that he has consistently demanded that public-facing roles in Karnataka be staffed with Kannada-speaking employees. — Tejasvi_Surya (@Tejasvi_Surya) Karnataka Chief Minister Siddaramaiah condemned the incident. He called the manager's conduct "strongly condemnable" and urged the Union Finance Ministry to introduce cultural and language sensitivity training for bank staff across the country. Live Events SBI responds to backlash Following the backlash, the bank transferred the manager to another branch. Both the bank and the manager issued apologies. The manager also released a statement in Kannada, promising to be more sensitive to customers in the future. Language debate in public services The Kannada Development Authority (KDA) has expressed concern over the growing number of non-Kannadigas posted in customer-facing roles in banks. According to the KDA, this trend is leading to a disconnect between local citizens and essential services. Under Reserve Bank of India guidelines, banks must offer services in English, Hindi, and the regional language. Despite this, incidents like the one in Bengaluru have reignited debates over language use in public-facing institutions in Karnataka.
NDTV
23-05-2025
- Business
- NDTV
After SBI Kannada Row, Bengaluru Founder Plans To Relocate Office To Pune
A Bengaluru-based tech founder has decided to move his company's office to Pune within six months. The reason: the ongoing "language nonsense." "If this language nonsense is to continue, I do not want my non-Kannada speaking staff to be the next 'victim'," entrepreneur Kaushik Mukherjee wrote on X. He said the decision stemmed from concerns raised by his employees, adding he "agreed to their [point of view]." Today I took a decision to wind up our Bangalore office in the next 6 months and move it to Pune. If this language nonsense is to continue, I do not want my non Kannada speaking staff to be the next "victim". This idea was mooted by the staff themselves. I agreed to their POV. — Kaushik Mukherjee ???????? (@kush07) May 22, 2025 This came after a recent incident at an SBI branch in Bengaluru's Chandapura area, where a manager refused to speak in Kannada with a customer, saying, "This is India, I'll speak Hindi, not Kannada." The video of the interaction went viral, drawing sharp criticism from Kannada activists and political leaders alike. Kaushik Mukherjee's post was in response to Bengaluru South MP Tejasvi Surya, who earlier shared the video and called the manager's conduct "not acceptable." "If you are doing customer interface work in Karnataka, especially in a sector like banking, it is important to communicate to customers in the language they know," Mr Surya wrote. He spoke of his long-standing demand that banks and other public-facing institutions in Karnataka ensure that local-language-speaking staff are posted. Karnataka Chief Minister Siddaramaiah also weighed in on the SBI incident, calling the manager's behaviour "strongly condemnable" and urging the Union Finance Ministry to implement cultural and language sensitivity training for banking staff nationwide. The manager has since been transferred, and both the bank and the manager have issued apologies. The manager, in a statement in Kannada, promised to be more sensitive in future dealings with customers. According to the Kannada Development Authority (KDA), there has been a growing trend of non-Kannadigas being posted in public-facing roles in banks. This, the KDA says, is creating a disconnect with local citizens who expect services in their mother tongue. As per Reserve Bank of India norms, all banks are mandated to provide services in English, Hindi, and the regional language.
