Announcement under Regulation 30 (LODR) - Issue of Securities
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Kalind Ltd (formerly Arunis Abode Limited) has finalised the terms of a rights issue to raise up to Rs. 60.48 crore. The company will issue up to 4.8 crore fully paid-up equity shares at Rs. 12.60 each, which is just a Rs. 2.60 premium over the Rs. 10 face value. The entitlement ratio is steep at 16 rights shares for every 1 share held, meaning existing shareholders must subscribe to 16 times their current holding to maintain their stake. The record date is Tuesday, August 26, 2025, the issue opens on September 3, 2025, and closes on September 11, 2025. Existing share count of 30 lakh will balloon to 5.1 crore shares on full subscription — nearly a 17-fold increase.
This is a massive dilution event. Shareholders who do not subscribe (or fully renounce their entitlements) will see their stake drop sharply given the 16:1 ratio. Those wishing to maintain ownership face a substantial capital commitment. Watch the ex-rights price and consider whether the low issue price offers fair value relative to prevailing market price before deciding to subscribe, renounce, or let entitlements lapse.