Outcome of the Board Meeting dated 23.01.2026
Price
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Kalind Limited (formerly Arunis Abode Limited) has finalized the terms of its Rights Issue, approved by the Rights Issue Committee on January 23, 2026. The company will issue 7,08,90,000 fully paid-up equity shares at a price of ₹17 per share (including a ₹7 premium over the ₹10 face value), aggregating to approximately ₹120.51 Crores assuming full subscription. The rights entitlement ratio is set at 139 Rights Equity Shares for every 100 shares held by eligible shareholders. The record date for eligibility is January 30, 2026, with the issue opening on February 9, 2026 and closing on February 16, 2026. Post-issue, the total outstanding equity shares will increase from 5.10 crore to 12.19 crore shares, more than doubling the share count.
Existing shareholders will need to decide whether to subscribe to their rights entitlements by February 16, 2026, or sell them on/off-market. The significant 139% potential increase in share count will dilute existing holdings substantially if not fully subscribed. The stock may face short-term price pressure as the ex-rights date approaches, given the large size of the issue (₹120+ Crores) relative to the company.