Kalind Ltd: Rights Issue Funds Utilized Appropriately

Kalind Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, confirming the appropriate utilization of funds raised through its Rights Issue. The report, issued by Infomerics Valuation and Rating Limited, addresses the utilization of ₹120.51 crore raised via equity shares. While the majority of funds were utilized for the stated objects, including capital expenditure for business expansion, a portion of advance payments made for equipment acquisition was subject to delays and partial refunds. The company has redeployed refunded amounts and expects pending deliveries within the stipulated timeframe. The Audit Committee has reviewed and approved the report.