Resignation of Company Secretary and Compliance Officer.
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Kalind Ltd's board approved several major changes in a single meeting on February 28, 2026. The CFO, Mrs. Preeti R. Mistry, and the Company Secretary & Compliance Officer, Ms. Poonam Khemka, both resigned citing personal reasons, effective the same day. A new CFO, Mr. Vijay Palsingh Gulya (a chartered accountant with 19+ years of experience), will take over from March 1, 2026. The company also appointed new statutory and secretarial auditors after the previous ones resigned mid-term. In a much larger move, the board approved acquiring 100% of DBJ Multi Services Private Limited (a civil services and construction firm) for up to Rs. 310 crore, payable entirely through a share swap — issuing 2.58 crore new shares at Rs. 120 each. To support this, the board proposed raising the authorised share capital from Rs. 122 crore to Rs. 1,000 crore and increasing borrowing limits to Rs. 1,000 crore, subject to shareholder approval at the EGM on March 27, 2026.
Shareholders will see significant dilution from the preferential share issue tied to the DBJ acquisition, though it avoids cash outflow. The simultaneous KMP exits and auditor changes warrant attention, but the company has appointed replacements quickly. The acquisition expands Kalind into civil services and construction, aligning with its core business.