Kalind Limited Approves ₹100 Crore Preferential Issue and Appoints New Managing Director

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:

Committee	Chairperson	Members
Audit Committee	Gaurav Luthra	Sanam Umbargikar, Ayush Jasani
Nomination and Remuneration Committee	Sanam Umbargikar	Gaurav Luthra, Dharmendrabhai Jasani
Stakeholders Relationship Committee	Sanam Umbargikar	Gaurav Luthra, Ayush Jasani

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.98%	-2.06%	+34.33%	+430.04%	+3,882.30%	+7,463.02%

Arunis Abode (INE377D01018) has scheduled a crucial Board of Directors meeting for October 18, 2025, to deliberate on several significant corporate actions that could potentially reshape the company's future direction and leadership.

Key Agenda Items

The board meeting, to be conducted via video conferencing, will focus on the following major proposals:

Agenda Item	Description
Leadership Change	Appointment of Mr. Ayush Jasani as Managing Director
Capital Raising	Approval of preferential issue of equity shares or securities
Strategic Acquisition	Acquisition of majority stakes in DBJ Multi Services Private Limited
Business Expansion	Alteration of the Memorandum of Association to include software development activities

Leadership Transition

The proposed appointment of Mr. Ayush Jasani as Managing Director marks a significant leadership change for Arunis Abode. Mr. Jasani, who currently serves as Vice Chairman and Whole Time Director, signed the meeting notice in his current capacity. This potential promotion suggests a continuity in leadership while possibly indicating a strategic shift in the company's management structure.

Capital Raising and Expansion Plans

The board will consider approving a preferential issue of equity shares or securities, which could be aimed at raising capital for the company's growth initiatives. This move aligns with the company's apparent expansion plans, as evidenced by the proposed acquisition of majority stakes in DBJ Multi Services Private Limited.

Diversification into Software Development

In a notable move towards diversification, Arunis Abode is considering altering its Memorandum of Association to include software development activities. This strategic shift could open up new revenue streams and market opportunities for the company in the technology sector.

Trading Window Closure

In compliance with SEBI regulations and the company's Code of Conduct, Arunis Abode has announced that the trading window for its securities will remain closed until 48 hours after the conclusion of the board meeting. This measure is designed to prevent insider trading and ensure fair market practices.

The outcomes of this board meeting could have significant implications for Arunis Abode's future growth trajectory, corporate structure, and market positioning. Shareholders and market observers will be keenly awaiting the results of these deliberations.