Kalind Ltd Board Approves Warrant Issue Worth ₹316 Cr

Kalind Ltd's Board of Directors, in a meeting held on August 28, 2026, approved the issuance of up to 27,48,00,000 convertible warrants on a preferential basis to the public category. The issue price for each warrant is ₹11.50, aggregating to a total amount not exceeding ₹316,02,00,000. Each warrant is convertible into one equity share of face value ₹2 at a price of ₹11.50 per share within 18 months. The board also approved the re-appointment of M/s. P H H A D & CO LLP as Statutory Auditors for five financial years and decided to convene the Annual General Meeting on September 29, 2026. The relevant date for the preferential issue is August 28, 2026.