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.

Kalind Limited has reported its audited financial results for the financial year ended March 31, 2026, recording a net profit of ₹2,730.12 lakh. This marks a substantial increase from the ₹38.45 lakh profit reported in the previous fiscal year. The company’s revenue from operations surged to ₹7,535.64 lakh for the year ended March 31, 2026, up from ₹55.01 lakh in the corresponding period last year. For the quarter ended March 31, 2026, the company reported a net profit of ₹1,078.13 lakh on revenue from operations of ₹3,031.02 lakh.

Financial Performance

The strong financial performance was supported by a significant expansion in the company’s asset base. Total assets as of March 31, 2026, stood at ₹23,902.63 lakh, a sharp rise from ₹775.60 lakh in the previous year. Equity share capital increased to ₹12,189.00 lakh from ₹300.00 lakh, reflecting the capital raising activities undertaken during the year. The company’s total equity also grew to ₹21,351.45 lakh, compared to ₹690.97 lakh in the prior year.

Key Financial Metrics (Standalone)

Board Decisions and Corporate Governance

In its meeting held on April 27, 2026, the Board of Directors approved the audited financial results for the quarter and financial year ended March 31, 2026. Additionally, the board re-appointed M/s PSSJ & CO. LLP as the Internal Auditor for a term of three consecutive financial years, effective from FY 2026-2027 to FY 2028-2029. The board also designated Mr. Ayush Dharmendrabhai Jasani, Vice Chairman & Managing Director, as the Nodal Officer under the Investor Education and Protection Fund Authority Rules, 2016.

The board reviewed and updated several key policies, including the Archival Policy, Code of Conduct for Board & Senior Management, Dividend Distribution Policy, and Policy on Determination of Materiality of Events. These updated policies are available on the company’s website.

Auditor's Report and Qualifications

The statutory auditors, P H H A D & Co LLP, issued a qualified opinion on the standalone and consolidated financial results. The qualifications primarily relate to the lack of adequate reconciliation and audit evidence regarding machinery taken on hire and deployed in customer contracts, including overseas contracts, and the non-recognition of gratuity obligations due to the absence of actuarial valuation. The management stated that these issues are procedural and documentation-related, and that the overall impact is not material to the financial statements.