Kalind Limited approves rights issue, new director and auditors

Kalind Limited (formerly Arunis Abode Limited) announced on December 27, 2025, that its board of directors approved raising funds up to Rs. 121 crore through a rights issue of equity shares. Each share will have a face value of Rs. 10. The specific terms, including issue price and entitlement ratio, will be determined by a rights issue committee.

In other key decisions, the board decided to defer a proposed stock split of equity shares, opting to re-evaluate it based on future market conditions. The company also appointed M/s. Mishra Karwa & Co., chartered accountants, as joint statutory auditors for a five-year term, from the financial year 2025-26 to 2029-30, subject to shareholder approval. Mishra Karwa & Co. has over 19 years of experience.

Additionally, Vishal Patil was appointed as an additional director, non-executive and independent, for a five-year term starting December 27, 2025, through December 26, 2030, also pending shareholder approval. Patil is a seasoned governance professional and partner at Prajot Tungare & Associates. The company confirmed that M/s. Mishra Karwa & Co. and Vishal Patil are not related to any directors or key managerial personnel of Kalind Limited.