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.

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Indo Thai Securities Significantly Reduces Stake in Arunis Abode Following Rights Issue

1 min read     Updated on 24 Oct 2025, 10:04 AM
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Reviewed by
Riya DeyScanX News Team
Overview

Indo Thai Securities Limited and associated entities have significantly reduced their shareholding in Arunis Abode Limited from 5.95% to 1.424% through open market transactions. The group sold 23,04,380 shares between October 16-23, 2025. This reduction follows Arunis Abode's substantial rights issue, which expanded the company's equity capital from Rs. 3.00 crore to Rs. 51.00 crore, increasing total shares from 30 lakh to 5.10 crore. The rights issue committee approved the allotment of 4,80,00,000 new shares on September 12, 2025. The share sale was disclosed in compliance with SEBI regulations, and Indo Thai Securities confirmed it is not part of Arunis Abode's promoter group.

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

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:

Entity Shares Sold Date
Indo Thai Securities Limited 22,94,080 October 16-23, 2025
Dhanpal Doshi HUF 5,300 October 21, 2025
Dhanpal Doshi 2,000 October 21, 2025
Other associated individuals 3,000 October 21, 2025

Rights Issue Impact

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

Aspect Before Rights Issue After Rights Issue
Equity Capital Rs. 3.00 crore Rs. 51.00 crore
Total Shares 30 lakh 5.10 crore
Share Face Value Rs. 10 each Rs. 10 each

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.

Historical Stock Returns for Arunis Abode

1 Day5 Days1 Month6 Months1 Year5 Years
+4.41%+9.74%+14.26%+443.53%+3,617.24%+6,282.89%
Arunis Abode
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