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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The Board of Kalind Ltd (formerly Arunis Abode Ltd) approved a Rights Issue of equity shares (face value Rs. 10) for an amount not exceeding Rs. 121 Crore, to be offered to eligible shareholders on a record date to be notified later. Specific terms like issue price and entitlement ratio will be decided by the Rights Issue Committee at a later stage. Separately, the Board kept its earlier proposal for a stock split in abeyance, choosing to revisit it later based on market conditions. The Board also appointed M/s. Mishra Karwa & Co. as Joint Statutory Auditor for five years (FY26 to FY30) and inducted Mr. Vishal Patil as an Additional Independent Director for a five-year term, both subject to shareholder approval.
Existing shareholders will get the chance to subscribe to fresh equity, but the issue price and ratio are yet to be decided — so the dilution impact and potential discount are not yet known. The deferred stock split means share price adjustment via sub-division is not happening for now, while governance changes bring a new auditor and independent director on board.