Kalind Limited has scheduled a remote e-voting process from June 6 to July 5, 2026, to seek shareholder approval for a 1:5 stock split and a 1:2 bonus issue. The corporate actions, approved by the board on June 3, 2026, aim to enhance liquidity and broaden investor participation by lowering the entry price. The record date for determining eligibility will be announced subsequently, while the cut-off date for the e-voting register is May 29, 2026.

Capital Structure Reorganisation

The board approved the sub-division of every one equity share with a face value of ₹10 into five equity shares of ₹2 each. Consequently, the authorised share capital remains ₹1000 crore, divided into 500 crore equity shares of ₹2 each, compared to the previous structure of 100 crore shares of ₹10 each. The paid-up and subscribed capital will adjust to 60,94,50,000 shares of ₹2 each post-split. An alteration of the capital clause in the Memorandum of Association is also proposed to reflect this change.

Bonus Issue Details

The bonus issue entails allotting one fully paid-up equity share of ₹2 for every two shares held. The company will capitalise a sum not exceeding ₹60,94,50,000 from free reserves, securities premium, and retained earnings for this purpose. The total free reserves and share premium available for capitalization stand at ₹91.07 crore. The bonus issue must be implemented within two months from the date of the board meeting, subject to shareholder approval.

Meeting and Timeline

Ayush Dharmendrabhai Jasani, Vice Chairman and Managing Director, chaired the meeting. Ms. Riddhi Shah, a Practicing Company Secretary, has been appointed as the Scrutiniser to conduct the postal ballot process. The results of the e-voting will be announced within two working days of the conclusion of the voting period.

Kalind Ltd has secured approval from BSE to reclassify two individuals from its promoter group, a move that alters the company's shareholding structure. The exchange granted the no-objection on June 1, 2026, following an application submitted by the company in April 2026. This reclassification impacts Mr. Yagnik Bharatkumar Tank and Mr. Deniis Bhupendra Desai, who will no longer be classified as part of the promoter group.

The approval was communicated via BSE letter number LIST/COMP/HG/078/2026-27. The request was initially submitted to the exchange on April 7, 2026, with supplementary submissions made on April 2 and April 6, 2026. The reclassification is effective under Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Reclassified Promoters

The following individuals have been reclassified from the promoter group of Kalind Ltd:

Regulatory Compliance

BSE has directed the company to ensure compliance with all subsequent relevant disclosures regarding material events related to this reclassification. This includes adhering to the provisions of Regulation 31A of the SEBI LODR Regulations, 2015. The company is required to update its records and inform stakeholders of the change in shareholding status.