Announcement under Regulation 30 (LODR) - Raising of Funds
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Kalind Ltd's Rights Issue Committee has finalised the terms of a rights issue worth approximately ₹120.51 Crores. The company will issue 7.08 crore fully paid-up equity shares of face value ₹10 each at a price of ₹17 per share, which includes a premium of ₹7 per share. Existing shareholders are being offered 139 Rights Equity Shares for every 100 shares held on the record date of January 30, 2026. The issue opens on February 9, 2026 and closes on February 16, 2026. If fully subscribed, the total share count will rise from 5.10 crore to 12.19 crore shares, effectively more than doubling the equity base. The Letter of Offer has been approved for filing with SEBI and BSE.
This is a large rights issue that will significantly expand the share count, so existing shareholders who do not subscribe will see their stake dilute considerably. Eligible shareholders need to act before February 16, 2026 to participate or renounce their rights, otherwise the value of their holdings is likely to be eroded on a per-share basis.