Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 - withdrawal of proposed acquisition of DBJ Multi Services Private Limited and preferential issue.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kalind Ltd has decided not to proceed with its earlier announced plan to acquire 100% of DBJ Multi Services Private Limited (50 lakh equity shares of ₹10 each). The company is also withdrawing the related proposed preferential issue of securities. The decision was made after an internal review and reassessment of the commercial and strategic considerations of the transaction. This comes just over a week after the original disclosure dated 28th February 2026. The board has formally communicated the cancellation to the stock exchange.
This is a negative development for shareholders who were expecting growth through inorganic expansion. The stock may see short-term weakness on the news, as the preferential issue would have brought in fresh capital. Investors should watch for revised growth plans from the company going forward.