Outcome of the Board Meeting Dated 20.08.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Arunis Abode Limited (now Kalind Ltd) approved the final terms of a Rights Issue worth Rs. 6,048 lakhs (~Rs. 60.48 crore). The company will issue up to 4.8 crore fully paid-up equity shares of face value Rs. 10 each at a price of Rs. 12.60 per share (including a premium of Rs. 2.60). The entitlement ratio is steep at 16 Rights Shares for every 1 existing share held. The record date is Tuesday, August 26, 2025, with the issue opening on September 3, 2025 and closing on September 11, 2025. Existing equity shares stand at 30 lakhs, which will expand to 5.1 crore shares post-issue, assuming full subscription — a roughly 17-fold increase in share count.
This is a massive dilution event for existing shareholders — the share base will grow ~17 times. Shareholders should evaluate whether to subscribe, renounce, or let entitlements lapse by the September 11 deadline. The stock is likely to face price pressure ex-record date as the rights trade separately.