Outcome of the Board Meeting Dated 27.12.2025
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Kalind Ltd's board, meeting on 27 December 2025, approved a Rights Issue of equity shares (face value Rs. 10) to raise up to Rs. 121 Crore from existing shareholders. The issue price, entitlement ratio, and record date will be decided later by a Rights Issue Committee. The board also shelved its earlier stock split proposal, saying it will revisit the idea later based on market conditions. M/s. Mishra Karwa & Co., Chartered Accountants, was appointed as Joint Statutory Auditor for five years (FY 2025-26 to FY 2029-30), alongside existing auditor M/s. JMMK & Co. Additionally, Mr. Vishal Patil was appointed as a Non-Executive Independent Director for five years. Shareholder approval via EGM or postal ballot will be sought for these matters.
The Rs. 121 Crore Rights Issue will require existing shareholders to put in more money or see their stake diluted, though the company has not disclosed what the funds will be used for. The deferral of the stock split means no near-term share price adjustment from that route.