BSEKalind LimitedMediumNeutral
Announced Sat, 5 Sept · 16:49 IST

Kalind 32nd AGM: Rs 316 cr warrants issue, MD appointment and auditor change

Board & Shareholder Meetings View source PDFExplain this filing

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AI summary

Kalind Limited 32nd AGM on 29 Sept 2026 via video conferencing. Items: adopt FY26 financials, re-appoint director, appoint M/s P H H A D & Co LLP as statutory auditor for 5 years, appoint Ms Riddhi Shah as secretarial auditor for 5 years, issue up to 27.48 crore convertible warrants at Rs 11.50 each to non-promoters aggregating Rs 316.02 crore, and redesignate Mr Ayush Jasani as Managing Director.

Likely market impact

Warrant issue of Rs 316 cr to non-promoters may dilute equity. Pivot to earth-moving and infrastructure business. Rs 1 interim dividend declared in FY26.