Abhishek Ashvinbhai Kamdar HUF reduced its stake in Kalind Ltd to 4.59% following the disposal of 2.91 crore equity shares. The transaction was executed through open market and off-market channels between April 7, 2026, and September 8, 2026.

The entity filed a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, with the BSE Limited on September 8, 2026. The filing details the change in shareholding and voting rights for the target company.

Shareholding Changes

Prior to the disposal, Abhishek Ashvinbhai Kamdar HUF held 7,11,06,787 equity shares, representing 7.77% of the total share capital. This pre-disposal figure reflects adjustments for corporate actions, specifically a stock split and bonus issue, applied to an earlier holding of 94,80,905 shares.

The entity sold 2,91,24,024 shares, which accounted for 3.18% of the total voting capital. No warrants, convertible securities, or other instruments entitling the acquirer to receive shares were involved in the transaction.

Capital Structure Context

The disclosure notes a change in the company's equity share capital structure during the reporting period. Before the acquisition/sale period began, the total voting capital consisted of 1,21,89,000 shares with a face value of ₹10 each, aggregating to ₹121.89 crore.

Following corporate actions, the total voting capital stood at 9,14,17,500 shares with a face value of ₹2 each, aggregating to ₹182.84 crore. The diluted share capital remains identical to the post-action equity capital at 9,14,17,500 shares.

The acquirer is not part of the promoter or promoter group of Kalind Ltd. There were no encumbrances, pledges, or liens on the shares held by the HUF either before or after the disposal.

Kalind Limited has scheduled its 32nd Annual General Meeting (AGM) for September 29, 2026. The meeting will be conducted through video conferencing or other audio-visual means, in compliance with SEBI Listing Regulations and the Companies Act, 2013.

Meeting Details

The company published a newspaper advertisement on September 6, 2026, in Free Press (English Edition) and Lokmitra (Gujarati Edition) to notify shareholders of the upcoming event. The notice of the AGM was dispatched via email on September 5, 2026, to members whose names appeared in the Register of Members or List of Beneficial Owners as of the cut-off date.

Key Dates and Procedures

Shareholders eligible to vote are those recorded in the register as of Friday, August 28, 2026. The company is facilitating e-voting in accordance with Section 108 of the Companies Act, 2013, read with Rule 20 of the Companies (Management and Administration) Rules, 2014. This process also adheres to Regulation 44 of the SEBI Listing Regulations and the Secretarial Standards of General Meetings issued by the Institute of Company Secretaries of India.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that all relevant information regarding the AGM and e-voting procedures is hosted on its official website. Ayush Dharmendrabhai Jasani, Vice Chairman & Managing Director, signed the communication dated September 7, 2026.