Arunis Abode Ltd — Important, 23-01-2026: Company Update

Kalind Limited has announced a board meeting to approve the Letter of Offer for its Rights Issue. The company plans to issue 7.089 crore equity shares at ₹17 each, raising ₹120.51 crore. Eligible shareholders on January 30, 2026, will receive 139 new shares for every 100 held. The funds are primarily for expanding its new business in earth-moving equipment and civil works. This move follows a strategic shift from real estate and stock trading, reflected in strong Q2 FY26 results with ₹30.13 crore revenue and ₹13.50 crore profit, a significant improvement from previous years. Promoters intend to subscribe to the issue.