Arunis Abode Limited has seen a substantial reduction in shareholding by Indo Thai Securities Limited and its associated entities through a series of open market transactions. This move follows a significant rights issue by Arunis Abode that expanded the company's equity capital.

Shareholding Changes

The group's total shareholding in Arunis Abode decreased from 5.95% to 1.424% following the sale of 23,04,380 shares between October 16-23, 2025. Here's a breakdown of the transactions:

Rights Issue Impact

The transactions occurred following Arunis Abode's rights issue, which significantly expanded the company's equity capital:

The rights issue committee of Arunis Abode approved the allotment of 4,80,00,000 fully paid-up equity shares on September 12, 2025. As part of this allotment, Indo Thai Securities Limited and its persons acting in concert received 30,29,588 shares.

Regulatory Compliance

The share sale was disclosed in compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Indo Thai Securities Limited confirmed that it does not belong to the promoter or promoter group of Arunis Abode.

This significant reduction in stake by Indo Thai Securities and its associates may attract attention from market participants, potentially impacting Arunis Abode's stock performance in the short term.

Arunis Abode Limited, now known as Kalind Limited, has announced significant corporate actions following a board meeting held on October 18, 2025. The company has approved a preferential issue of equity shares and appointed a new Managing Director, among other key decisions.

Preferential Issue and Fundraising

The Board of Directors has approved a preferential issue of equity shares up to ₹100.00 crores to potential investors. This move is aimed at financing the company's growth plans and business activities. The specific details, including pricing, number of shares to be issued, and eligible investors, will be finalized in a future board meeting.

New Leadership Appointment

In a significant leadership change, the Board has appointed Mr. Ayush Jasani as the Managing Director of Kalind Limited for a five-year term, effective from November 1, 2025, to October 31, 2030. This appointment is subject to shareholder approval. Mr. Jasani, son of Chairman Dharmendrabhai Jasani, brings experience in the infrastructure and earth-moving equipment industry.

Board Committee Reconstitution

The company has reconstituted its board committees as follows:

Potential Acquisition and Business Expansion

Kalind Limited is considering acquiring a majority stake in DBJ Multi Services Private Limited. The Board has decided to conduct due diligence and valuation before determining the mode of acquisition, which could be either through cash payment or share issuance.

Additionally, the company plans to alter its main object clause to include software development activities, signaling a potential expansion into the tech sector.

Next Steps

An Extraordinary General Meeting will be convened after finalizing the details of the preferential issue and the potential acquisition. The company has also noted that the trading window will remain closed until 48 hours after the conclusion of the board meeting that will consider and approve quarterly results.

These strategic moves by Kalind Limited indicate a focus on growth, diversification, and strengthening its leadership team.