Outcome of Board Meeting of Board of Directors held on 14th November, 2025 pursuant to Regulation 30 read with Regulation 33 of SEBI (LODR) Regulation, 2015
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The Board of Kalind Ltd approved unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025. Standalone revenue surged to Rs 3,090.95 lakh in H1 FY26 from Rs 1,606.50 lakh in the prior period, while the company swung to a profit of Rs 136.91 lakh from a loss of Rs 32.68 lakh earlier. Consolidated revenue stood at Rs 3,235.96 lakh with a profit of Rs 137.92 lakh, including subsidiary Prasad Earth Movers Pvt Ltd. Total assets expanded sharply to Rs 10,207 lakh (standalone) and Rs 15,066 lakh (consolidated) from Rs 720.60 lakh in March 2025, driven by a massive equity issuance of 4.8 crore shares. A proposed preferential issue of equity shares/warrants was postponed to a later meeting.
Strong top-line and bottom-line turnaround with revenue nearly doubling and a return to profitability is positive for shareholders. However, one auditor (B.R. Pancholi & Co.) issued a qualified review conclusion due to inability to verify machinery hire income and charges, which is a governance red flag. The massive share dilution and postponed preferential issue suggest ongoing capital restructuring.