Key Resolutions

Item No. 1: Fund Raising through Securities Issuance

  • Resolution Type: Special Resolution
  • Purpose: To raise funds through issuance of securities via multiple permissible modes
  • Permissible Modes: Qualified Institutions Placement (QIP), Foreign Currency Convertible Bonds (FCCB), External Commercial Borrowings (ECB), or any other permissible modes
  • Maximum Amount: USD 65 Million (US Dollar 650,00,000) or equivalent in Indian Rupees or other foreign currencies
  • Securities Types: Equity shares, preference shares, FCCBs, GDRs, ADRs, or any other financial instruments/securities convertible into equity shares
  • Tranches: May be issued in one or more tranches
  • Pricing: To be determined by Board or authorized committee based on relevant date of meeting deciding to open the issue
  • Ranking: Securities to rank pari passu with existing securities
  • Authorization: Board authorized to determine all terms including timing, investors, number of securities, issue price, interest rate, discount, redemption terms

Item No. 2: Increase in Investment Limits

  • Resolution Type: Special Resolution
  • NRI/OCI Limit Increase: From current 10% to 24% of total paid-up equity share capital
  • FPI Limit Increase: From current 24% to sectoral cap percentage of total paid-up equity share capital
  • Regulatory Framework: Subject to Foreign Exchange Management Act, 1999 and Foreign Exchange Management (Non-debt Instruments) Rules, 2019

Voting Details

  • Cut-off Date: Friday, 31st July, 2026 for determining voting rights
  • E-voting Period: Thursday, 6th August, 2026 at 09:00 a.m. (IST) to Friday, 4th September, 2026 at 05:00 p.m. (IST)
  • E-voting Service Provider: National Securities Depository Limited (NSDL)
  • Result Declaration: Within 2 working days of conclusion of e-voting (by Saturday, 5th September, 2026)
  • Result Publication: To be intimated to BSE Limited and published on company website (www.kalindlimited.com) and NSDL website (https://evoting.nsdl.com)

Company Business Context

Kalind Limited is a BSE-listed public company engaged primarily in providing heavy earth-moving and construction equipment on lease or hire, along with trained operators and fuel, to support infrastructure, mining, road construction and other civil engineering projects. The company has strategically diversified from real estate-focused activities to infrastructure sector operations.

Purpose of Fund Raise

The proposed fund raise will strengthen the financial position and provide capital to support growth and expansion plans, including:

  • Expanding fleet of heavy earth-moving and construction equipment
  • Enhancing operational capabilities
  • Undertaking larger infrastructure, mining, road construction projects
  • Strengthening presence in existing markets
  • Exploring new business opportunities
  • Improving operational efficiency through modern equipment and technology

Scrutinizer Appointment

Ms. Riddhi Shah (ACS 20168: COP 17035), Practicing Company Secretary, appointed as Scrutinizer to conduct the postal ballot through remote e-voting process.

Document Availability

The postal ballot notice is available on company website (www.kalindlimited.com), BSE website (www.bseindia.com), and NSDL e-voting website (https://evoting.nsdl.com).