Outcome of the Meeting of Rights Issue Committee.
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Kalind Ltd has completed its rights issue, allotting 7,08,90,000 fully paid-up equity shares at Rs. 17 per share (including a Rs. 7 premium over the Rs. 10 face value), aggregating to about Rs. 120.51 crores. The rights issue opened on February 9, 2026 and closed on February 16, 2026, with allotment approved by the Rights Issue Committee on February 17, 2026. As a result, the company's paid-up equity share capital has risen from 5.10 crore shares (Rs. 51 crore) to 12.189 crore shares (Rs. 121.89 crore), nearly a 2.4x increase in share count and significant dilution for existing shareholders. Eligible shareholders and renouncees received the shares on a rights basis per the terms in the Letter of Offer dated January 23, 2026.
Existing shareholders face substantial dilution as the share count has increased by roughly 139%. Shareholders who did not subscribe or renounce their rights entitlements will see their effective stake significantly reduced. The successful completion raises around Rs. 120 crore for the company, which could be used for business expansion or debt reduction.