Please find attached Intimation of outcome of Board Meeting wrt request for re-classification from Promoter Group category to Public category pursuant to Regulation 31A of SEBI LODR 2015
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kalind Ltd's Board approved multiple items at its April 6, 2026 meeting. Key decisions include appointment of Ms. Payal Bafna as Non-Executive Independent Director for 5 years (subject to shareholder approval), reconstitution of Board committees, and proposed expansion into renewable energy (solar EPC, power trading) and agriculture/allied sectors through amendments to MOA and AOA. The Board also approved re-classification requests from two promoter group members (Yagnik Bharatkumar Tank and Deniis Bhupendra Desai) seeking to move from 'Promoter' to 'Public' category. Notably, both these individuals hold zero shares in the company. The company confirmed it meets minimum public shareholding requirements under Regulation 38 of SEBI LODR. Shareholder approvals via postal ballot will be sought for MOA/AOA changes and the director appointment.
The re-classification of two promoter group members holding zero shares is administrative and has no immediate impact on shareholding structure. The proposed diversification into renewable energy and agriculture sectors could signal new growth opportunities for the company, though it remains subject to shareholder approval.