Kalind

Kalind's board on September 17 withdrew the proposal approved on August 28 to issue up to 27.48 crore warrants at ₹11.50 aggregating ₹316.02 crore. In its place it approved a preferential issue of up to 8.61 crore equity shares of ₹2 face value at ₹11.50 aggregating about ₹99 crore to SRM Global Infrastructure, Orange AI Tech and Eroc Colorant. The pricing relevant date remained August 28 and the new shares were to be fully paid, rank pari passu with existing equity and list on BSE subject to member and regulatory approvals. The board authorised a corrigendum to the September 29 annual meeting notice to delete the warrant resolution and insert the new equity resolution. The company completed a ₹120.5 crore rights issue in February 2026 and expanded capital to 91.42 crore shares of ₹2 after a 1:5 split and 1:2 bonus. Consolidated revenue was ₹79.85 crore in FY26 with net profit of ₹27.23 crore, and the company leases earth-moving equipment through fleet subsidiaries with ₹45.19 crore of vendor advances pending delivery in August.

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Kalind Limited withdrew its 28 August proposal to issue up to 27.48 crore warrants at ₹11.50 each aggregating ₹316.02 crore. The board instead approved a fresh preferential issue of up to 8.61 crore equity shares of ₹2 face value at ₹11.50 each aggregating about ₹99 crore to SRM Global Infrastructure, Orange AI Tech and Eroc Colorant. The relevant date was 28 August, the shares ranked pari passu with existing equity and the issue was subject to member approval through a corrigendum to the 29 September annual meeting notice. The August warrant plan had provided for 13.74 crore warrants each to V9BIZ Business Solutions and Areen Energy Solutions with a quarter payable on subscription and the balance on exercise within 18 months. Kalind reported consolidated revenue of about ₹79.9 crore in FY26 and ₹35.1 crore in the June quarter after shifting from a dormant realty shell to earth-moving equipment leasing and civil-works contracting. Its share capital stood at 91.42 crore shares of ₹2 after a 1:5 split and 1:2 bonus, with disclosed promoter holding of 13.56% and a post-issue figure of 12.39% assuming full subscription.

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Abhishek Ashvinbhai Kamdar HUF sold 2.91 crore Kalind shares, equivalent to 3.18% of the company's voting capital, reducing its holding from 7.77% to 4.59%. The sales took place through open-market and off-market transactions between 7 April and 8 September 2026. Kalind had 91.42 crore shares outstanding after its stock split and bonus issue. Its FY26 consolidated accounts recorded revenue of about ₹79.8 crore and net profit of ₹27.2 crore, with the business mix shifting towards earth-moving equipment leasing and civil-works contracting.

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At its August 28 board meeting, Kalind Limited approved a preferential issue of up to 27.48 crore warrants at ₹11.50 each, for a potential ₹316.02 crore raise. The proposed allottees were V9BIZ Business Solutions LLP and Areen Energy Solutions LLP, both classified under the non-promoter public category. Each warrant would convert into one equity share within 18 months, with 25% payable on subscription and the remaining 75% on exercise, subject to shareholder and regulatory approvals. Kalind had completed a ₹120.51 crore rights issue in February. Consolidated revenue was ₹79.8 crore in FY26 as the business shifted toward earth-moving equipment leasing and civil-works contracting.

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Kalind Limited's board approved a preferential issue of up to 27.48 crore warrants at ₹11.50 each, potentially raising ₹316.02 crore, subject to shareholder and regulatory approvals. The warrants were earmarked equally for V9BIZ Business Solutions LLP and AreEN Energy Solutions LLP, both classified as non-promoter allottees. Twenty-five percent of the price was payable on subscription, with the balance due if the warrants were exercised within 18 months; full conversion would lift issued shares from 91.42 crore to 118.90 crore and reduce the promoter group's holding from 13.56% to 10.43%. Kalind completed a ₹120.51 crore rights issue in February 2026 after its board had approved a ₹121 crore issue in December 2025.

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Aug 28 (Reuters) - Kalind Ltd KLIN.BO:

• KALIND LTD - TO ISSUE WARRANTS WORTH 3.16 BILLION RUPEES

Source text: ID:nnAZN4TGXRD

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Aug 20 (Reuters) - Kalind Ltd KLIN.BO:

• BOARD TO CONSIDER FUND RAISING VIA SHARES, CONVERTIBLE SECURITIES

Source text: ID:nBSE3kQmN8

Further company coverage: KLIN.BO

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Kalind Ltd’s monitoring agency report for the quarter ended June 30, 2026, covered the utilisation of ₹120.51 crore raised through its February rights issue for earth-moving and construction machinery. Sunshilp Trans Power refunded ₹35.35 crore after it could not supply the committed D155 dozers, and Kalind redirected the amount towards D80 machinery from alternate suppliers. As of June 30, advances of ₹14.65 crore to Sunshilp and ₹30.54 crore to Satyanshu Trading Company remained outstanding, with deliveries pending and the equipment’s condition and actual delivery not ascertainable to the monitoring agency. The company and its statutory auditor reported no diversion of funds. The report recorded that deployment had extended into FY27 rather than finishing by FY26, while the company said the remaining ₹6.16 crore had been used within the revised period. Kalind’s consolidated revenue was ₹35.1 crore and net profit was ₹14.6 crore in the June quarter.

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Kalind Limited's board on Wednesday approved raising up to USD 65 million, or approximately ₹540 crore, through equity shares, convertible bonds, warrants, preference shares, and a qualified institutional placement. The decision was taken at a board meeting held at the company's registered office in Surat. The fundraising may be carried out in one or more tranches and is subject to shareholder and regulatory approvals. The company did not specify the use of proceeds in the filing.

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July 22 (Reuters) - Kalind Ltd KLIN.BO:

• KALIND - BOARD APPROVES FUND RAISING UP TO USD 65 MILLION

Source text: ID:nBSE9MP6Kj

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July 17 (Reuters) - Kalind Ltd KLIN.BO:

• KALIND - BOARD TO CONSIDER FUNDRAISING VIA EQUITY OR CONVERTIBLE SECURITIES

Source text: ID:nBSE1CD3D2

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June 3 (Reuters) - Kalind Ltd KLIN.BO:

• KALIND - APPROVES BONUS ISSUE IN RATIO OF 1:2 SHARES

Source text: ID:nBSE8QkmML

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May 29 (Reuters) - Kalind Ltd KLIN.BO:

• KALIND LTD - TO CONSIDER ISSUE OF BONUS SHARES

Source text: ID:nBSE7WkD3R

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Feb 20 (Reuters) - Kalind Ltd ARUI.BO:

• COMPANY RECEIVES PURCHASE ORDER WORTH 148.4 MILLION RUPEES

Source text: ID:nBSE9pGjXG

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Jan 23 (Reuters) - Kalind Ltd ARUI.BO:

• KALIND LTD - SETS RIGHTS ISSUE PRICE 17 RUPEES PER SHARE

Source text: ID:nnAZN4S32HD

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Dec 2 (Reuters) - Kalind Ltd ARUI.BO:

• KALIND LTD - TO CONSIDER PREFERENTIAL ISSUE OF EQUITY SHARES AND WARRANTS

• KALIND LTD - TO CONSIDER ACQUISITION OF MAJORITY STAKES IN DBJ MULTI SERVICES

Source text: ID:nBSE165qfd

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July 25 (Reuters) - Arunis Abode Ltd ARUI.BO:

• ARUNIS ABODE LTD - APPROVES RIGHTS ISSUE WORTH 604.8 MILLION RUPEES

Source text: ID:nBSE7sPWlB

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July 7 (Reuters) - Arunis Abode Ltd ARUI.BO:

• ARUNIS ABODE LTD - TO RAISE UP TO 1 BILLION RUPEES VIA SECURITIES

Source text: ID:nBSEbnx6HJ

Further company coverage: ARUI.BO

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