Kalind Ltd Board Approves MOA Amendment, Acquisition

Kalind Limited's Board of Directors, in a meeting held on October 31, 2026, approved several key proposals. These include the withdrawal of a proposed preferential issue of 8,60,86,956 Equity Shares, originally intended to raise ₹98.99 Crore. The Board also approved an amendment to the Main Object Clause of the Memorandum of Association (MOA), subject to shareholder approval via a special resolution, to align with future business activities. Furthermore, the company will proceed with the acquisition of Kalind Gems & Diamonds Limited as a Domestic Wholly Owned Subsidiary, pending regulatory procedures. The Board also gave in-principle approval to raise funds up to ₹500 Crore through various permissible modes and approved the notice for a postal ballot to seek shareholder approval on these matters.