Kalind Limited has confirmed the dispatch of its postal ballot notice on August 4, 2026, to shareholders seeking approval for a potential fund raise of up to USD 65 Million (US Dollar 650,00,000). The company, formerly known as Arunis Abode Limited and engaged in leasing heavy earth-moving equipment, aims to expand its fleet and operational capabilities through Qualified Institutions Placement (QIP), Foreign Currency Convertible Bonds (FCCBs), or External Commercial Borrowings (ECBs). This capital infusion is critical for supporting infrastructure, mining, and civil engineering projects across India. The confirmation was published in newspapers including Free Press and Lokmitra on August 5, 2026, ensuring transparency and compliance with SEBI regulations.

Regulatory Compliance and Dispatch

The dispatch of the postal ballot notice was executed in compliance with Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was sent electronically to members whose names appeared in the Register of Members or List of Beneficial Owners as on the cut-off date of Friday, July 31, 2026. Physical copies were not dispatched, adhering to exemptions provided under General Circular No. 09/2024 dated September 19, 2024, issued by the Ministry of Corporate Affairs (MCA). The company emphasized that assent or dissent must be communicated solely through remote e-voting.

E-Voting Schedule and Process

National Securities Depository Limited (NSDL) is facilitating the remote e-voting process. Shareholders can cast their votes electronically between Thursday, August 6, 2026, at 9:00 a.m. (IST) and Friday, September 4, 2026, at 5:00 p.m. (IST). The voting rights are proportional to the paid-up equity share capital held as on the cut-off date. Ms. Riddhi Shah (ACS 20168; COP 17035), Practicing Company Secretary, has been appointed as the Scrutinizer to ensure a fair and transparent ballot process. The results will be announced by the Chairman or authorized person on Saturday, September 5, 2026, and will be uploaded on the company’s website, BSE Limited’s website, and NSDL’s e-voting portal.

Key Resolutions Under Consideration

The postal ballot seeks shareholder consent for two special resolutions:

1. Fund Raising: Authorization to raise funds up to USD 65 Million through QIP, FCCB, ECB, or other permissible instruments. The Board is authorized to offer a discount of not more than 5% on the floor price for QIPs. Proceeds will be used for fleet expansion and operational enhancement.
2. Foreign Investment Limits: Revision of permissible investment thresholds for Foreign Portfolio Investors (FPIs) to the sectoral cap percentage and for Non-Resident Indians (NRIs)/Overseas Citizens of India (OCIs) from 10% to 24% of total paid-up equity share capital. This change facilitates greater foreign participation in the proposed security issuance.

Ayush Dharmendrabhai Jasani, Vice Chairman & Managing Director (DIN: 09842741), signed the notice. The company’s registered office is located at Fourth Floor, Office No. 404, White Pearls, Near Galaxy Circle, Pal Gam, Surat, Gujarat.

Kalind Limited reported a sharp acceleration in profitability for the quarter ended June 30, 2026, with standalone net profit after tax rising 186% year-on-year to ₹15.02 crore from ₹5.25 crore in Q1FY26. The surge was underpinned by a 148% jump in revenue from operations, which climbed to ₹34.91 crore from ₹14.08 crore during the corresponding prior period. This performance signals a significant operational turnaround for the company, which was formerly known as Arunis Abode Limited.

The Board of Directors approved the standalone and consolidated unaudited financial results at its meeting held on July 30, 2026. The statutory auditors have issued unmodified reports on these results, confirming compliance with the Companies (Indian Accounting Standards) Rules, 2015. The company filed the intimation under Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with the Bombay Stock Exchange.

Financial Performance Highlights

On a consolidated basis, net profit after tax increased 175% year-on-year to ₹14.65 crore from ₹5.32 crore. Consolidated revenue rose 143% to ₹34.36 crore. Earnings per share on a basic standalone basis stood at ₹1.23, compared to ₹17.50 in the previous year’s quarter, reflecting capital structure adjustments or share count changes not detailed in the extract but evident in the EPS divergence despite profit growth.

What the Numbers Show

The most striking aspect of Kalind Limited’s Q1FY27 performance is the disproportionate growth in pre-tax profits relative to revenue. While revenue nearly doubled (148% YoY), net profit before tax more than tripled (207% YoY), rising from ₹6.18 crore to ₹19.01 crore. This suggests significant operating leverage or improved margin dynamics in the current quarter compared to the same period last year. The effective tax rate remained stable at approximately 21%, indicating that the profit surge is primarily operational rather than driven by tax benefits.

The company’s paid-up equity share capital remains unchanged at ₹12,189 lakh. Previous period figures were rearranged or regrouped where necessary to conform to the presentation of the current period, as noted in the filing. Full financial results are available on the company’s website and the BSE portal.