IndoThai Securities Acquires and Divests 0.14% Stake in Arunis Abode Following Rights Issue

2 min read     Updated on 07 Nov 2025, 10:12 AM
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Reviewed by
Riya DeyScanX News Team
Overview

Arunis Abode Limited, now known as Kalind Limited, conducted a rights issue expanding its equity base from Rs. 3 crores to Rs. 51 crores. IndoThai Securities Limited and its PACs acquired shares through the rights issue and open market purchases, briefly holding a 0.14% stake. However, they subsequently divested their entire shareholding. The company announced plans to shift its registered office, explore reclassification of a promoter, establish a UAE subsidiary, and potentially raise Rs. 50 crores through a preferential issue.

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*this image is generated using AI for illustrative purposes only.

Arunis Abode Limited recently engaged in a series of transactions involving its shares, following a significant rights issue. This corporate action has led to changes in shareholding patterns and capital structure, as disclosed in recent regulatory filings.

Rights Issue and Share Acquisition

Arunis Abode Limited conducted a rights issue to bolster its equity capital. The company's equity base expanded from Rs. 3 crores (30 lakh shares) to Rs. 51 crores (5.1 crore shares), with each share having a face value of Rs. 10.

In the wake of this rights issue, IndoThai Securities Limited, along with persons acting in concert (PACs) Rajendra Bandi and Sunita Bandi, were allotted shares:

Entity Shares Allotted in Rights Issue
IndoThai Securities Limited (with PACs) 30,29,588

Open Market Transactions

Following the rights issue, IndoThai Securities Limited engaged in open market purchases of Arunis Abode shares:

Date Shares Acquired
October 24, 2025 1,00,000
October 31, 2025 2,00,000
November 4, 2025 4,27,534
Total 7,27,534

Additionally, the PACs also acquired shares:

Date PAC Shares Acquired
October 28, 2025 Rajendra Bandi 1,000
October 28, 2025 Sunita Bandi 1,000

Shareholding Changes

The transactions resulted in the following shareholding pattern:

Entity Shares Held Percentage Stake
IndoThai Securities Limited 7,27,534 0.14%
Rajendra Bandi 1,000 0.00%
Sunita Bandi 1,000 0.00%
Total 7,29,534 0.14%

Subsequent Divestment

LODR data reveals that IndoThai Securities Limited and its PACs have subsequently divested their entire stake in Arunis Abode Limited. As of the latest disclosure, their shareholding stands at 0%.

Corporate Developments

In related news, Arunis Abode Limited, now known as Kalind Limited, has announced several corporate actions in a board meeting held on November 6, 2025:

  1. The company plans to shift its registered office within Surat, Gujarat.
  2. Subject to necessary approvals, the company is considering the reclassification of Mr. Yagnik Tank from the Promoter category to the Public category.
  3. The board is exploring the establishment of a wholly-owned subsidiary in the United Arab Emirates.
  4. The company is contemplating raising funds up to Rs. 50 crores through a preferential issue of warrants or other securities.

These developments, along with the recent share transactions, indicate significant changes in Arunis Abode Limited's corporate structure and strategy.

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Kalind Limited Announces Strategic Shifts: Office Relocation, UAE Subsidiary, and Fundraising Plans

1 min read     Updated on 06 Nov 2025, 11:52 PM
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Reviewed by
Naman SharmaScanX News Team
Overview

Arunis Abode's Board of Directors has approved several key decisions. The company will relocate its registered office within Surat, Gujarat, and plans to incorporate a wholly owned subsidiary in the UAE. The Board has approved fundraising of up to Rs. 50.00 crores through preferential issue. Additionally, they've approved the reclassification of Mr. Yagnik Tank from promoter to public category, subject to approvals. The consideration of Q2 and H1 FY2026 financial results has been deferred to a future meeting.

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*this image is generated using AI for illustrative purposes only.

Arunis Abode has announced several strategic decisions following its Board of Directors meeting on November 6, 2025. The company is set to make significant changes in its operations and structure, signaling potential growth and expansion plans.

Key Developments

Decision Details
Registered Office Relocation From IBC International Business Center, Dumas Road to White Pearls, Near Galaxy Circle, Pal Gam, Surat, Gujarat
New Subsidiary Plans to incorporate a wholly owned subsidiary in the United Arab Emirates
Fundraising Approval to issue warrants or other securities up to Rs. 50.00 crores through preferential issue
Promoter Reclassification Approval for reclassification of Mr. Yagnik Tank from promoter category to public category (subject to approvals)
Financial Results Consideration of Q2 and H1 FY2026 results deferred to a future meeting

Office Relocation

Arunis Abode has decided to shift its registered office within Surat, Gujarat. The new location at White Pearls, Near Galaxy Circle, Pal Gam, could support the company's operations.

Expansion into UAE

The approval to incorporate a wholly owned subsidiary in the United Arab Emirates marks a step towards international expansion. This move could potentially open new markets and opportunities for Arunis Abode in the Middle East region.

Fundraising Initiatives

The Board has approved raising funds up to Rs. 50.00 crores through the issuance of warrants or other securities via preferential issue. This decision indicates the company's intent to bolster its financial position.

Changes in Shareholding Structure

Subject to necessary approvals, the Board has approved the reclassification of Mr. Yagnik Tank from the promoter category to the public category. This change in shareholding structure may have implications for the company's ownership dynamics.

Financial Results Postponed

The consideration of unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, has been deferred. The company plans to hold a separate board meeting to review these results before the due date.

Compliance and Transparency

In line with regulatory requirements, Arunis Abode has announced that the trading window will remain closed for 48 hours following the conclusion of the Board meeting that will be scheduled to approve the quarterly results.

These developments suggest that Arunis Abode is positioning itself for potential operational changes. Investors and stakeholders will likely be watching closely for the upcoming financial results and further details on the company's expansion and fundraising plans.

Historical Stock Returns for Arunis Abode

1 Day5 Days1 Month6 Months1 Year5 Years
+3.59%+15.98%+16.05%+439.16%+3,735.88%+6,511.84%
Arunis Abode
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