Extraordinary General Meeting of the Company will be held on Friday, 27th March 2026 as per details mentioned in atatched Notice.
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Kalind Limited (formerly Arunis Abode Limited) has called an EGM on Friday, March 27, 2026 at 12:30 PM via video conferencing, with the cut-off date for e-voting eligibility set as March 20, 2026. Nine resolutions are on the agenda, including the appointment of Mr. Vishal Patil as Non-Executive Independent Director for a 5-year term (Dec 2025 to Dec 2030) and Mrs. Ketanaben Jasani as Non-Executive Non-Independent (Women) Director. The EGM also seeks shareholder approval to appoint M/s. D G K T & Co LLP as new Statutory Auditors to fill the casual vacancy caused by the resignation of M/s. JMMK & Co. Several financial powers resolutions seek approval limits of up to Rs. 1,000 crores each for loans/guarantees under Section 185, investments under Section 186, and borrowings under Section 180(1)(c), along with permission to mortgage company assets. Additionally, the EGM will consider increasing the authorised share capital from Rs. 122 crores (12.20 crore equity shares) to Rs. 1,000 crores (100 crore equity shares) and ratify the auditor's certificate related to the company's recent name change.
Shareholders should note this is a heavy agenda - the proposed increase in authorised share capital from Rs. 122 crores to Rs. 1,000 crores (over 8x) and the Rs. 1,000 crore threshold approvals for loans, investments, and borrowings suggest the company is positioning for significant future fundraising, expansion, or related-party transactions. The auditor change due to a casual vacancy is routine but worth monitoring. Existing shareholders may face potential dilution risk if the expanded authorised capital is eventually used for fresh equity issuance.