Outcome of Board Meeting
Price
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Awaiting price reaction for this filing.
The board of Arunis Abode Limited (formerly Kalind Ltd) met on 14 May 2025 and approved standalone and consolidated audited financial results for FY25 (year ended 31 March 2025). The statutory auditor M/s B.R. Pancholi & Co. issued an unmodified (clean) opinion on both sets of results. On a consolidated basis, revenue from operations fell sharply to ₹121.50 lakhs in FY25 from ₹305.00 lakhs in FY24 (around 60% YoY decline), and the company reported a net loss of about ₹111.91 lakhs versus a profit of ₹39.42 lakhs in the prior year. Operating and investing cash flows were both negative for the year. The auditor flagged an Emphasis of Matter noting that the major shareholder has entered a Share Purchase Agreement to sell his entire stake, and existing investments and properties are being liquidated prior to full transfer of control. The company also saw a major leadership churn: the Company Secretary, CFO, two Independent Directors, and one Non-Executive Director all resigned with effect from 14 May 2025. New appointees include Poonam Khemka as Company Secretary and Ayush Dharmendrabhai Jasani as CFO (from 15 May 2025).
Shareholders should note the sharp revenue decline, swing to consolidated net loss, negative operating cash flow, and the controlling shareholder exiting via a Share Purchase Agreement with assets being wound down — these are significant red flags. The mass exit of KMPs and independent directors, along with the change of company name to Arunis Abode Limited, signals an ongoing ownership and management transition that could lead to material changes in the business going forward.