KALIND: ACQUIRES 100% OF KALIND GEMS & DIAMONDS FOR RS 1 CR

• Board approved acquisition of Kalind Gems & Diamonds Limited as a domestic wholly owned subsidiary • Cash consideration of ₹1 Cr for 1,00,000 equity shares at ₹10 face value, taking 100% stake • Target is engaged in gems, diamonds and allied activities, incorporated on 15 July 2024, with FY26 turnover of ₹12.86 Cr • Acquisition formalities to be completed within 30 days from member approval • Board withdrew proposed preferential issue of 8.60 Cr shares at ₹11.50, aggregating about ₹99 Cr, due to prevailing market conditions and proposed allottees' unwillingness • Board approved in-principle fund raise of up to ₹500 Cr through rights, preferential issue or warrants

Kalind Ltd

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