Submission of Letter of Offer for Rights Issue of Fully Paid Up Equity Shares of Kalind Limited
Price
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Awaiting price reaction for this filing.
Kalind Ltd (formerly Arunis Abode Limited) has submitted the Letter of Offer for a rights issue of up to 7,08,90,000 fully paid-up equity shares of face value ₹10 each at an issue price of ₹17 per share (including a premium of ₹7), aggregating up to ₹120.513 Crores. The rights are offered to eligible shareholders in the ratio of 139 Rights Equity Shares for every 100 shares held as on the Record Date of Friday, January 30, 2026. The Issue opens on February 9, 2026 and closes on February 16, 2026, with the expected date of listing revised from February 18, 2026 to February 19, 2026. The Issue is being made in compliance with SEBI ICDR Regulations, with BSE as the Designated Stock Exchange and MUFG Intime India Private Limited as the Registrar to the Issue.
Eligible shareholders need to decide whether to subscribe to their rights entitlements or let them lapse by the issue closing date. The 139:100 ratio is a significant issuance that will materially increase the share count if fully subscribed, which could lead to share dilution for non-participating shareholders.