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 will convene a board meeting on Wednesday, June 3, 2026, to consider and recommend a proposal for the issue of bonus shares. The issuance is subject to the approval of the company's shareholders and applicable provisions. This move signals the board's intent to reward investors by increasing the equity base without additional cost to the shareholders.

Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company provided prior intimation to the stock exchanges regarding the meeting agenda. The proposal aims to utilize the company's reserves to issue additional shares to existing investors, potentially enhancing liquidity and shareholder value.

In conjunction with the board meeting, the company has announced the closure of the trading window for its equity shares. This measure is in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal Code of Conduct to Regulate, Monitor and Report Trading. The restriction is effective from May 29, 2026, and will remain in place until 48 hours after the outcome of the board meeting is announced.

The meeting will be chaired by the company's leadership, with Ayush Jasani, Vice Chairman and Managing Director, overseeing the proceedings. The record date and the ratio of the bonus issue will be determined subsequent to the board's approval and the necessary shareholder consent.