Kalind Limited (formerly known as Arunis Abode Limited) has postponed its Rights Issue Committee meeting to January 20, 2026, as the company awaits in-principle approval from BSE Limited for its proposed ₹121.00 crore rights issue. The real estate company had initially scheduled the committee meeting for January 12, 2026, following board approval of the fundraising initiative on December 27, 2025.

Meeting Postponement and Regulatory Approval Status

The Rights Issue Committee meeting has been rescheduled multiple times due to ongoing regulatory processes. Initially planned for January 12, 2026, the meeting was first postponed to January 14, 2026, and has now been further delayed to January 20, 2026. The postponement is attributed to BSE Limited's ongoing review of the Draft Letter of Offer (DLOF), with the company awaiting in-principle approval from the stock exchange.

Rights Issue Framework and Committee Agenda

The board has approved a rights issue to raise funds through issuance and allotment of equity shares having face value of ₹10.00 each, up to an aggregate amount not exceeding ₹121.00 crore. This fundraising initiative will be offered on a rights basis to eligible equity shareholders as on the record date, which will be notified subsequently.

The Rights Issue Committee will consider and decide various matters including the rights issue price and related payment mechanism, rights entitlement ratio, the record date and timing of the rights issue, subject to receiving in-principle approval from relevant stock exchanges and regulatory authorities.

Leadership and Governance Appointments

The company has strengthened its governance framework through key appointments made during the December 27, 2025 board meeting. Based on the Audit Committee's recommendation, the board approved the appointment of M/s. Mishra Karwa & Co., Chartered Accountants (Firm Registration No. 127711W) as Joint Statutory Auditors alongside the existing statutory auditors M/s. JMMK & Co., subject to shareholder approval.

Additionally, Mr. Vishal Patil (DIN: 08054088) has been appointed as Additional Director, Non-Executive and Independent, effective December 27, 2025, for a five-year term until December 26, 2030, subject to shareholder approval.

Regulatory Compliance and Next Steps

The Rights Issue Committee meeting is being conducted in accordance with the Companies Act, 2013, and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company has been providing regular updates to BSE under Regulation 30 of the SEBI Listing Regulations regarding the meeting postponements and regulatory approval status.

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.