Kalind Limited's board has approved raising funds up to USD 65 Million through various permitted instruments. The decision was taken during a board meeting held on July 22, 2026, at the company's registered office. The capital will be raised in one or more tranches via equity shares, convertible bonds, debentures, warrants, preference shares, or foreign currency convertible bonds (FCCBs).

The fund-raising methods include preferential issue, private placement, qualified institutional placement, and share swap. The securities may be issued for cash or other considerations, including a premium, and may be listed or unlisted. The initiative is subject to necessary shareholder, regulatory, and statutory approvals.

Fund Raising Instruments

The company outlined the following instruments for capital generation:

• Equity shares
• Convertible bonds
• Debentures
• Warrants
• Preference shares
• Foreign currency convertible bonds (FCCBs)
• Any other equity-linked securities

Meeting Details

Kalind Limited has fixed Friday, July 24, 2026, as the record date to determine shareholder eligibility for the sub-division of equity shares and the issuance of bonus shares. The company will sub-divide each existing equity share with a face value of ₹10 into five equity shares of ₹2 each. Additionally, it will issue bonus equity shares in a 1:2 ratio, meaning shareholders will receive one bonus share of ₹2 face value for every two shares held post-split. The deemed date of allotment for these bonus shares is Monday, July 27, 2026, and trading will commence the following working day.

These corporate actions follow the approval of shareholders through a postal ballot process, where resolutions were passed with a requisite majority. The remote e-voting results were declared on July 6, 2026, at the company's registered office in Surat. The Board of Directors had originally proposed these changes at a meeting on June 3, 2026, with Ms. Riddhi Shah serving as the Scrutinizer for the e-voting process conducted between June 6 and July 5, 2026.

The three key resolutions passed include the stock split, the alteration of the capital clause in the Memorandum of Association, and the approval for the bonus issue. The company submitted the postal ballot proceedings to the Bombay Stock Exchange Limited on July 6, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Ayush Dharmendrabhai Jasani, Vice Chairman & Managing Director of Kalind Limited.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE377D01018/86890ed1-8cee-47ab-9818-0dfaa1cd8b98.pdf