Kalind drops warrant plan, okays 99 Crore equity preferential issue

Board withdrew earlier proposal to issue up to 27.48 crore warrants at 11.50 per warrant (316 crore). Instead approved fresh preferential issue of up to 8.60 crore equity shares at 11.50 each, including 9.50 premium, face value 2 rupees, aggregating about 99 crore. All shares to 3 non-promoter allottees: SRM Global Infrastructure (2 crore shares), Orange AI Tech (2.17 crore), Eroc Colorant (4.43 crore). Issue price above floor price of 11.39. Lock-in 6 months. Promoter holding will dilute from 13.56 percent to 12.39 percent. Needs shareholder approval via Special Resolution at AGM on September 29, 2026.