Kalind Limited submitted a regulatory disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding outcomes from its Board Meeting held on September 17, 2026.

Key Decisions:

1. Withdrawal of Warrant Issuance Proposal:

The Board of Directors decided to withdraw the entire proposal for issuance of up to 27,48,00,000 (Twenty-Seven Crore Forty-Eight Lakh) Warrants that was approved at its meeting held on August 28, 2026. These warrants were to be fully convertible into equivalent number of Equity Shares at an issue price of ₹11.50 per Warrant, aggregating to ₹316.02 Crore.

2. Fresh Preferential Equity Issue Approval:

In place of the withdrawn warrant proposal, the Board approved a fresh preferential issue of up to 8,60,86,956 (Eight Crore Sixty Lakh Eighty-Six Thousand Nine Hundred and Fifty-Six) fully paid-up Equity Shares with face value of ₹2 each. The issue price is set at ₹11.50 per Equity Share (including a premium of ₹9.50 per share), aggregating to ₹98,99,99,994 (Rupees Ninety-Eight Crore Ninety-Nine Lakh Ninety-Nine Thousand Nine Hundred and Ninety-Four Only).

Allottee Details:

  • SRM Global Infrastructure Limited (Non-Promoter): 2,00,00,000 Equity Shares
  • Orange AI Tech Private Limited (Non-Promoter): 2,17,39,130 Equity Shares
  • Eroc Colorant Private Limited (Non-Promoter): 4,43,47,826 Equity Shares
  • Total: 8,60,86,956 Equity Shares

3. Terms of Issue:

  • Relevant Date for determining issue price: August 28, 2026
  • Face value: ₹2 per Equity Share
  • Securities premium: ₹9.50 per Equity Share
  • Shares will be fully paid-up at allotment
  • Will rank pari passu with existing Equity Shares
  • Subject to listing approval from BSE Limited

4. Shareholding Pattern Impact:

Pre-issue share capital: 91,41,75,000 Equity Shares

Post-issue share capital: 1,00,02,61,956 Equity Shares

Pre-issue promoter holding: 12,39,77,362 shares (13.56%)

Post-issue promoter holding: 12,39,77,362 shares (12.39%)

Pre-issue public holding: 79,01,97,638 shares (86.44%)

Post-issue public holding: 87,62,84,594 shares (87.61%)

5. Regulatory Compliance:

The issue will be undertaken in accordance with Chapter V of SEBI ICDR Regulations, 2018, Companies Act, 2013, and other applicable laws. The issue price of ₹11.50 is not lower than the floor price of ₹11.39 per Equity Share determined in accordance with SEBI ICDR Regulations.

6. Lock-in Requirements:

Equity Shares allotted to non-promoter allottees will be locked in for six months from the date of trading approval granted by the Stock Exchange.

7. Shareholder Approval:

The Board approved obtaining member approval through Special Resolution. Since the AGM notice for September 29, 2026 has already been circulated, the Company will issue a Corrigendum to:

  • Withdraw/delete existing agenda item 5 (warrant issuance)
  • Insert new agenda item 5 for preferential equity share issuance

8. Meeting Details:

The Board meeting commenced at 7:00 pm and concluded at 8:20 pm on September 17, 2026.

Authorizations:

The Board authorized Director(s) and/or Company Secretary to take all necessary steps including issuance of Corrigendum, withdrawal/modification of existing in-principle approval applications, and making necessary filings with Stock Exchange, SEBI, ROC and other regulatory authorities.