Arunis Abode Ltd has announced several important corporate decisions that will impact its capital structure and governance framework. The real estate company's board has taken strategic steps to enhance its financial position and operational capabilities.

Rights Issue Approval

The board has given its approval for a rights issue that could generate up to ₹121 crore for the company. This fundraising initiative represents a significant capital raising exercise that will provide Arunis Abode Ltd with additional financial resources.

Leadership and Governance Changes

The company has strengthened its governance structure through key appointments. The board has appointed joint statutory auditors, enhancing the company's audit framework and compliance capabilities. Additionally, an additional director has been appointed to the board, expanding the leadership team's expertise and oversight capacity.

Stock Split Proposal Deferred

While the board addressed multiple corporate actions, the proposed stock split has been deferred. This decision indicates that the company will revisit this proposal at a later date, focusing current efforts on the approved rights issue and governance appointments.

These developments reflect Arunis Abode Ltd's focus on strengthening its capital base and governance structure while maintaining flexibility in its corporate restructuring plans.

Arunis Abode Limited, now known as Kalind Limited, has made a significant strategic reversal by cancelling its scheduled board meeting and abandoning previously announced corporate initiatives worth Rs 328.76 crore.

Board Meeting Cancellation

The company has officially cancelled its board meeting that was scheduled for December 14, 2025. The meeting was originally planned to consider the preferential issue of equity shares and warrants, along with the acquisition of majority stakes in DBJ Multi Services Private Limited.

Strategic Reconsideration

According to the company's communication to BSE under Regulation 29 and 30 of SEBI (LODR) Regulations 2015, the board of directors and management have internally reconsidered the ongoing proposals. After thorough evaluation, they have reached the conclusion not to proceed with the previously announced preferential issue of shares, warrants, or the acquisition of the private limited company through share swap arrangement.

Alternative Funding Exploration

Kalind Limited has indicated its intention to explore alternative fund-raising opportunities that will better align with the company's growth plans and business activities. The potential alternatives being considered include:

Corporate Governance Update

The company has confirmed that the board of directors will convene a separate board meeting to further assess the various fund-raising options. This approach demonstrates the company's commitment to making well-informed strategic decisions that appropriately finance and align with its operational objectives.

Market Communication

The announcement was made through proper regulatory channels, with Vice Chairman and Managing Director Ayush Jasani (DIN: 09842741) signing the communication to BSE. The company maintains its BSE Scrip ID as 526935 and continues to operate under the CIN number L77808GJ1994PLC021759.

This strategic pivot indicates that Kalind Limited is taking a more cautious and deliberate approach to its expansion and funding strategies, prioritizing options that best serve long-term shareholder interests.