Outcome of Board Meeting held on 27 April 2026 for Approval of Accounts, Reappointment of Internal Auditor, Appointment of Nodal Officer, Authorization of KMP under Reg 30(5) and Updation ....

Kalind Ltd (formerly Arunis Abode Ltd) announced audited FY26 results showing a dramatic business pivot into heavy machinery leasing with operators. Standalone revenue from operations jumped from ₹0.01 lakh in FY25 to ₹7,535.64 lakh in FY26, with PAT swinging from a ₹16.55 lakh loss to a ₹2,730.12 lakh profit (EPS of ₹2.85). The company also acquired 100% of Prasad Earth Movers Pvt Ltd as a wholly owned subsidiary and raised capital via two rights issues. However, the auditor (PHHAD & Co LLP) issued a QUALIFIED opinion on both standalone and consolidated results, flagging that management failed to provide adequate reconciliation between third-party hired machinery, deployed machinery, overseas contracts, and the corresponding revenue/expenses. Supporting documents for several overseas contracts and certain expenses were missing, and the company did not recognise any gratuity provision under Ind AS 19. Notably, the MD's declaration to BSE still claims an 'unmodified opinion,' contradicting the actual auditor's report. Despite reported profits, operating cash flow was deeply negative at ₹(7,976) lakh on a standalone basis due to a ₹3,868 lakh rise in trade receivables and ₹8,483 lakh increase in other current assets. The board also re-appointed M/s PSSJ & Co LLP as Internal Auditor for 3 years (FY27-FY29), appointed the VC & MD as Nodal Officer, and updated 8 corporate policies.