Appointment of M/s. Mishra Karwa & Co., Chartered Accountants (Firm Registration No. 127711W) as the Joint Statutory Auditors along with J M M K & Co., Chartered Accountants, Statutory ....
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Kalind Ltd's board approved a Rights Issue of equity shares (face value Rs. 10) to raise up to Rs. 121 Crore from existing eligible shareholders, with the issue price, entitlement ratio, and record date to be decided later by a Rights Issue Committee. The board also decided to keep the proposed stock split in abeyance and revisit it based on market conditions. M/s. Mishra Karwa & Co., Chartered Accountants (Firm Reg. No. 127711W) was appointed as Joint Statutory Auditor for 5 years (FY2025-26 to FY2029-30) alongside the existing auditor J M M K & Co. Additionally, Mr. Vishal Patil (DIN: 08054088), a Company Secretary with 15+ years of experience in corporate governance and FDI, was appointed as Additional Non-Executive Independent Director for a 5-year term (Dec 27, 2025 to Dec 26, 2030). All appointments remain subject to shareholder approval at a future general meeting or postal ballot.
The Rs. 121 Crore Rights Issue could dilute existing shareholders' stakes but provides growth capital, while the addition of a joint auditor and a governance-focused independent director signals strengthened board oversight. The deferred stock split may disappoint investors who were expecting share price affordability.