Kalind Limited (formerly Arunis Abode Limited) has witnessed significant shareholding changes following its recent rights issue, with disclosures from both promoter group members and non-promoter entities revealing the impact of the capital expansion on existing stakeholder positions.

Promoter Group Shareholding Changes

Ayush Dharmendrabhai Jasani, representing himself and persons acting in concert (PAC), disclosed substantial changes in their collective shareholding through a rights issue participation. Despite acquiring 75,69,358 equity shares, their combined holding decreased from 18.42% to 13.92% due to the dilutive effect of the rights issue.

Non-Promoter Acquisition

Separately, Abhishek Ashvinbhai Kamdar HUF increased its shareholding from 3.42% to 5.48% through the same rights issue. The HUF acquired 49,41,268 equity shares, representing 4.05% of the company's total share capital.

Rights Issue Impact on Share Capital

The rights issue significantly expanded Kalind Limited's equity base, with the company's share capital structure undergoing substantial changes. The total number of shares increased from 5,10,00,000 to 12,18,90,000, representing a 139% expansion in the equity base.

Regulatory Compliance and Disclosure

Both disclosures were made on February 19, 2026, pursuant to Regulation 29 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The rights issue was completed on February 18, 2026, with shares of Kalind Limited listed on BSE Limited under script code 538794. All acquired shares are free from encumbrances, pledges, or liens, with voting rights exercisable only through equity shareholding.

Kalind Limited announced the outcome of its Board meeting held on February 12, 2026, approving unaudited standalone and consolidated financial results for Q3 FY26 ended December 31, 2025. The meeting, conducted via audio-video conferencing from 7:30 PM to 9:05 PM, also addressed the resignation of joint statutory auditors.

Standalone Financial Performance

The company demonstrated remarkable improvement in its standalone financial metrics for Q3 FY26:

The company's operational efficiency improved significantly with 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, incorporating subsidiary Prasad Earth Movers Private Limited acquired on September 18, 2025, showed strong performance:

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 Resignation and Qualified Review

The Board approved the resignation of M/s. Mishra Karwa & Co., Chartered Accountants as Joint Statutory Auditors, effective February 11, 2026. The resignation was attributed to pre-existing professional commitments and resource constraints that prevented adequate attention to listed entity audit requirements.

JMMK & Co., Chartered Accountants issued qualified review reports noting inadequate reconciliation of machinery hire arrangements and corresponding income recognition. The auditors were unable to obtain sufficient evidence regarding the occurrence, completeness, and accuracy of hire income and related expenses.

Corporate Compliance

Vice Chairman & Managing Director Ayush Dharmendrabhai Jasani communicated the board meeting outcome to the Bombay Stock Exchange, ensuring compliance with Regulation 30 read with Regulation 33 of SEBI Listing Regulations. The company maintains its registered office at Fourth Floor, Office No 404, White Pearls, Near Galaxy Circle, Pal Gam, Surat 395009, Gujarat, with paid-up equity share capital of ₹510.00 lakh.