Kalind Limited Passes Four Special Resolutions
Kalind Limited has declared the results of its postal ballot conducted through remote e-voting, confirming that all four special resolutions were passed with the requisite majority. The resolutions approved include the regularisation of Ms. Payal Bafna as a Non-Executive/Woman Independent Director for five years, the addition of new objects to the Memorandum of Association, the substitution of Clause III(B), and the adoption of a new set of Articles of Association. The e-voting process, overseen by Scrutinizer Ms. Riddhi Shah, saw 18,614,887 valid votes cast, with over 99.99% assent for the resolutions.
*this image is generated using AI for illustrative purposes only.
Kalind Limited (formerly known as Arunis Abode Limited) has announced the results of its postal ballot process conducted through remote e-voting. All four special resolutions were passed with the requisite majority. The results were formally declared on Saturday, May 16, 2026, at the company's registered office.
Postal Ballot Process
The Board of Directors proposed the postal ballot pursuant to Section 110 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. National Securities Depository Limited (NSDL) was appointed as the e-voting agency. The e-voting window was open from Thursday, April 16, 2026, at 9:00 a.m. IST to Friday, May 15, 2026, at 5:00 p.m. IST. The cut-off date for determining eligibility was Friday, April 10, 2026.
Scrutinizer and Declaration
Ms. Riddhi Shah, Practicing Company Secretary, was appointed as the Scrutinizer to oversee the process. After scrutinizing the e-voting confirmations received up to the closure of the voting window, she submitted her report. The results were declared by Mr. Ayush Dharmendrabhai Jasani, Vice Chairman & Managing Director. The deemed date of passing of the resolutions is Friday, May 15, 2026.
Resolutions Passed
The table below summarizes the four special resolutions that were approved by shareholders:
| Resolution No. | Brief Particulars | Type |
|---|---|---|
| 1 | Regularisation of appointment of Ms. Payal Bafna (DIN: 09075302) as Non-Executive/Woman Independent Director for a first term of five years | Special Resolution |
| 2 | Addition of New Object(s) in the Main Object Clause of the Memorandum of Association | Special Resolution |
| 3 | Substitution of Clause III(B) of the Memorandum of Association | Special Resolution |
| 4 | Adoption of a new set of Articles of Association as per the provisions of the Companies Act, 2013 | Special Resolution |
Voting Results
A total of 18,614,887 valid votes were cast via remote e-voting. The resolutions received strong support, with the percentage of votes in favour ranging from 99.99% to 100.00%.
Regulatory Compliance
The postal ballot proceedings were conducted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results have been submitted to the Bombay Stock Exchange Limited and are available on the company's website.
Historical Stock Returns for Kalind
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.91% | +0.85% | -4.56% | +36.10% | +1,046.91% | +8,832.69% |
What new business objects were added to Kalind Limited's Memorandum of Association, and how might these signal a strategic pivot from its real estate origins under the Arunis Abode brand?
Given that public institutional shareholders recorded zero participation in the e-voting process, what does this suggest about institutional investor confidence in Kalind Limited's governance and future growth prospects?
How might the adoption of a new Articles of Association and revised MOA objects affect Kalind Limited's eligibility for new business partnerships, regulatory approvals, or potential fundraising activities?
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