The Board of Directors at their meeting held on 27.12.2025 have approved the Fund Raising by way of Rights Issue for an amount not exceeding Rs. 121 Crore.
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Kalind Ltd's board, at its meeting on 27 December 2025, approved raising funds of up to Rs. 121 Crore through a Rights Issue of equity shares (face value Rs. 10 each) to existing eligible shareholders. The issue price, entitlement ratio, and record date are yet to be decided by a newly formed Rights Issue Committee. Separately, the board deferred its stock split proposal and appointed M/s. Mishra Karwa & Co. as joint statutory auditors for five years (FY 2025-26 to FY 2029-30). It also appointed Mr. Vishal Patil as an additional non-executive independent director for a five-year term. Shareholder approval for the rights issue and other items will be sought through a postal ballot or extraordinary general meeting.
Existing shareholders may need to contribute additional capital if they wish to maintain their stake, though pricing terms are still pending. The dilution from a Rs. 121 Crore equity raise could weigh on the stock in the short term, while the long-term impact depends on the use of funds which has not been disclosed yet.