Kalind Limited (formerly Arunis Abode Limited) announced comprehensive corporate restructuring following its board meeting held on February 28, 2026, at the company's registered office in Surat, Gujarat. The meeting, which commenced at 1:00 p.m. and concluded at 2:40 p.m., addressed multiple strategic initiatives including a major acquisition, management changes, and enhanced financial capabilities under Regulation 30 of SEBI LODR Regulations.

Strategic Acquisition of DBJ Multi Services

The board approved the strategic acquisition of 100% equity stake in DBJ Multi Services Private Limited (DBJMSPL) for an aggregate consideration not exceeding ₹310 crores. The acquisition will be executed through a share swap mechanism involving the issuance of up to 2,58,00,000 fully paid-up equity shares at ₹120.00 per share.

DBJMSPL operates in civil services including construction, building infrastructure, industrial projects, equipment hiring, and routine maintenance services. The target company's financial performance shows varying turnover figures across recent years.

Key Management Personnel Changes

Significant changes occurred in the company's leadership structure with multiple resignations and new appointments across key positions, all effective February 28, 2026.

CFO and Company Secretary Transitions

Mr. Vijay Palsingh Gulya brings over 19 years of professional experience in financial management, taxation consultancy, and corporate governance. His expertise includes handling NCLT and ITAT cases, corporate restructuring, and wealth management.

Auditor Appointments

The board appointed new statutory and secretarial auditors following resignations of existing auditors.

Enhanced Financial Capabilities

The board approved substantial increases in various financial limits, significantly expanding the company's operational capacity to ₹1000 crores across multiple parameters.

Authorized Share Capital Expansion

The company's authorized share capital will increase dramatically from ₹122 crores to ₹1000 crores, representing a substantial expansion in equity base.

Upcoming Shareholder Approvals

An Extraordinary General Meeting (EGM) has been scheduled for March 27, 2026, at 12:30 p.m. through video conferencing to seek shareholder approvals for the proposed resolutions. The cut-off date for determining eligible members is February 27, 2026, with remote e-voting commencing March 24, 2026, and concluding March 26, 2026.

Committee Reconstitution

The board approved reconstitution of various committees to ensure compliance with regulatory requirements.

Ms. Riddhi Shah has been appointed as Scrutinizer for conducting the e-voting process. These comprehensive changes position Kalind Limited for significant growth and enhanced operational capabilities, subject to shareholder and regulatory approvals. The company is in the process of appointing a new Company Secretary and Compliance Officer, with details to be announced in due course.

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.