Announcement under Regulation 30 (LODR) - Issue of Securities
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Kalind Ltd's Rights Issue Committee has approved the terms of a rights issue of fully paid-up equity shares (face value ₹10) for an aggregate amount of ₹120.513 crores (assuming full subscription), comprising 7,08,90,000 shares. The issue price has been set at ₹17 per share, which includes a premium of ₹7 over the face value. Eligible shareholders will get 139 rights shares for every 100 shares held, with the record date fixed as January 30, 2026. The issue opens on February 9, 2026 and closes on February 16, 2026, with allotment expected by February 17–18, 2026. If fully subscribed, the total outstanding equity shares will rise from 5.10 crore to 12.19 crore, nearly a 2.4x expansion of the share base.
This is a significant dilutive capital raise — existing shareholders who do not subscribe will see their stake fall sharply. Those who participate can buy shares at ₹17 (a 70% premium to face value, but actual discount/premium to market price is not disclosed). The funds will strengthen the company's capital base, though the specific use of proceeds is not stated in this filing.