Kalind Limited has scheduled a meeting of its Board of Directors for Friday, August 28, 2026. The primary agenda item involves a proposal for raising funds in one or more tranches by way of the issue of equity shares and/or convertible securities, including convertible warrants.

The funding may be raised for cash or consideration other than cash, including by way of share swap. The company indicated that this could be executed through preferential allotment, private placement, qualified institutions placement (QIP), rights issue, further public issue, or any other permissible mode or combination thereof. These actions are subject to applicable laws and necessary governmental, statutory, regulatory, and member approvals.

Regulatory Compliance and Trading Window

In compliance with Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, Kalind Limited issued prior intimation of the board meeting.

Pursuant to the company's Code for Prevention of Insider Trading and the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the securities of the company is closed. This restriction applies to Designated Persons, Insiders, and their Immediate Relatives with immediate effect from August 20, 2026. The window will remain closed until 48 hours after the conclusion of the board meeting scheduled for August 28, 2026.

Key Details

Ayush Jasani, Vice Chairman and Managing Director of Kalind Limited, signed the intimation letter addressed to the Department of Corporate Services at BSE.

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.