Kalind FY26 Annual Report and 32nd AGM notice with major fund raising plans
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Kalind Limited (formerly Arunis Abode) filed its FY 2025-26 Annual Report and 32nd AGM notice for September 29, 2026 via video conferencing. The year saw a strategic pivot to earth-moving and construction equipment. Two Rights Issues raised about Rs 181 crore combined, and the company acquired Prasad Earth Movers. An interim dividend of Re 1 per share was declared. The AGM seeks shareholder approval for issuing up to 27.48 crore convertible warrants at Rs 11.50 each to two non-promoter LLPs, aggregating Rs 316.02 crore, and a change in designation of Ayush Jasani to Managing Director.
Major capital raise and pivot to construction equipment business. Proposed Rs 316 cr warrant issue may dilute existing shareholders if converted.