The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Dharmendrabhai Jasani & Others
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Promoter group members — Dharmendrabhai Becharbhai Jasani, Ayush Dharmendrabhai Jasani, and Ketanaben Dharmendrabhai Jasani — acquired 75,69,358 equity shares of Kalind Ltd through a Rights Issue on February 18, 2026. Their combined holding rose in absolute terms from 93,92,041 shares (18.42%) to 1,69,61,399 shares (13.92%). However, their percentage stake fell because the company's total equity capital expanded sharply from 5.10 crore shares to 12.189 crore shares (face value Rs. 10 each) due to the rights issue. The promoter group is part of the Promoter/Promoter Group category. The filing is a regulatory disclosure required because of the change in holding.
The promoter group continues to hold the company but with reduced influence due to dilution; their stake dropped below 14%, signalling they are no longer a dominant shareholder. For retail investors, this means more dispersed ownership post-rights issue, which could affect governance and future decision-making.