Kalind Ltd Announces Q2 Financial Results; Approves USD 65 Million Fundraising Plan
Kalind Limited announced the outcomes of its Board meeting held on July 30, 2026, releasing the unaudited financial results for the quarter ending June 30, 2026. The company also sought members' approval via a postal ballot to raise funds up to USD 65 Million through various securities issuance methods and approved the reconstitution of its Board committees.The Board reviewed the standalone and consolidated unaudited financials and received a limited review report from statutory auditors M/s. P H H A D & Co. LLP, Chartered Accountants. The meeting commenced at 5:00 p.m. and concluded at 9:30 p.m.
Financial Performance Summary
The company reported strong performance across both standalone and consolidated results for the quarter ended June 30, 2026. Key financial highlights from the unaudited statements are presented below (amounts in Lakh):Standalone Financial Results (Quarter Ended June 30, 2026)
| Metric | Value (30-Jun-26) |
|---|---|
| Revenue from Operations | 3,490.82 |
| Total Income | 3,490.82 |
| Total Expenses | 1,589.92 |
| Profit before Tax | 1,900.90 |
| Net Profit | 1,502.36 |
| Basic Earnings per Share (on Rs 10 stock) | 1.23 |
Consolidated Financial Results (Quarter Ended June 30, 2026)
| Metric | Value (30-Jun-26) |
|---|---|
| Revenue from Operations | 3,506.45 |
| Total Income | 3,536.17 |
| Total Expenses | 1,675.50 |
| Profit before Tax | 1,860.67 |
| Net Profit | 1,464.91 |
| Basic Earnings per Share (on Rs 10 stock) | 1.20 |
Strategic Decisions and Governance Approvals
During the meeting, the Board of Directors approved the Notice of Postal Ballot to seek shareholder approval for two major items: approving the raising of funds and issuing securities through various modes like QIP and FCCB, and increasing investment limits for Foreign Portfolio Investors and Non-Resident Indians/overseas citizens of India.Additionally, the company approved the reconstitution of several key Board committees, including the Audit Committee, the Nomination and Remuneration Committee, and the Stakeholders Relationship Committee.
The composition of these committees is as follows:
Committee Compositions
| Committee | Chairman | Members |
|---|---|---|
| Audit Committee | Mr. Vishal Patil (Independent Director) | Mr. Anand Bhagwan Soman (ID), Mr. Ayush Jasani (MD) |
| Nomination and Remuneration Committee | Mr. Vishal Patil (Independent Director) | Ms. Payal Bafna (ID), Mr. Anand Bhagwan Soman (ID) |
| Stakeholders Relationship Committee | Mr. Vishal Patil (Independent Director) | Mr. Anand Bhagwan Soman (ID), Mr. Ayush Jasani (MD) |
Independent Auditor's Review
M/s. P H H A D & Co. LLP, Chartered Accountants, conducted a review of the quarterly unaudited statements for both standalone and consolidated results. The firm confirmed that nothing came to their attention that caused them to believe that the accompanying Statement contained any material misstatement and was prepared in accordance with the recognition and measurement principles laid down under relevant Indian Accounting Standards (Ind AS).Stock Price Movement
Kalind Ltd shares are trading at ₹9.88 as of 12:48, sinking 5.00% in this session.The stock's intraday movement has been observed between a low of ₹9.88 and a high of ₹10.80.
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