Kalind Limited (formerly known as Arunis Abode Limited) announced its unaudited standalone and consolidated financial results for the quarter ended December 31, 2025, during a Board meeting held on February 12, 2026. The company, primarily engaged in providing heavy machinery including earth-moving equipment along with operators and fuel, demonstrated strong financial performance in Q3 FY26.

Standalone Financial Performance

The company's standalone results for Q3 FY26 showed significant improvement across key metrics:

The company's cost structure included cost of materials consumed at ₹1573.18 lakh and employee benefits expense of ₹127.49 lakh for the quarter. Total expenses amounted to ₹1,084.42 lakh, resulting in a profit before tax of ₹420.63 lakh.

Consolidated Results

The consolidated financial results, which include the subsidiary Prasad Earth Movers Private Limited acquired on September 18, 2025, showed:

The subsidiary contributed total revenues of ₹65.50 lakh for the quarter and ₹254.44 lakh for the nine months period, with a net loss of ₹54.82 lakh for Q3 FY26 and net profit of ₹81.57 lakh for the nine months period.

Auditor Changes

The Board approved the resignation of M/s. Mishra Karwa & Co., Chartered Accountants (Firm Registration No. 127711W) as Joint Statutory Auditors of the company. In their resignation letter dated February 11, 2026, the auditors cited pre-existing professional commitments and resource constraints as reasons for their inability to devote adequate time for conducting the audit of a listed entity.

Audit Qualifications

JMMK & Co., Chartered Accountants issued qualified review reports for both standalone and consolidated results. The auditors noted that the company has not provided adequate reconciliation or supporting documentation establishing linkage between machinery taken on hire from third parties, machinery deployed in customer contracts, and corresponding hire income and expenses recognized during the year.

Corporate Information

The company maintains its registered and corporate office at Fourth Floor, Office No 404, White Pearls, Near Galaxy Circle, Pal Gam, Surat 395009, Gujarat. The paid-up equity share capital stands at ₹510.00 lakh with a face value of ₹10 per share. The results were approved by the Board of Directors in their meeting that commenced at 7:30 p.m. and concluded at 9:05 p.m. on February 12, 2026, conducted through audio-video conferencing.

Kalind Limited has announced the outcome of its Rights Issue Committee meeting held on January 23, 2026, setting key parameters for its upcoming rights issue worth ₹120.51 crores. The committee approved January 30, 2026 as the record date for determining eligible shareholders for the rights offering.

Rights Issue Structure and Pricing

The rights issue involves fully paid-up equity shares with a face value of ₹10 each, priced at ₹17 per share including a premium of ₹7. The company will issue 7,08,90,000 rights equity shares for a total amount of ₹1,20,51,30,000, assuming full subscription.

Rights Issue Timeline

The rights issue follows a structured timeline beginning with the record date and concluding with share listing. Eligible shareholders will receive rights entitlements based on their holdings as of January 30, 2026.

Share Capital Impact

The rights issue will significantly expand the company's equity base. Prior to the rights issue, Kalind Limited has 5,10,00,000 outstanding equity shares. Upon full subscription, the total outstanding shares will increase to 12,18,90,000 equity shares.

Regulatory Approvals and Documentation

The rights issue received in-principle approval from BSE Limited on January 20, 2026. The Rights Issue Committee also approved the Letter of Offer to be filed with SEBI and BSE Limited. The ISIN for credit of dematerialized rights entitlements is INE377D20026.

Meeting Details

The Rights Issue Committee meeting commenced at 12:05 p.m. and concluded at 12:30 p.m. on January 23, 2026. This follows the Board of Directors' approval on December 27, 2025, for issuing equity shares not exceeding ₹121 crores through a rights issue. The company had previously rescheduled the committee meeting multiple times, with intimations sent on January 7, 12, 14, and 20, 2026.