Kalind Limited Scraps ₹316 Crore Warrants For ₹99 Crore Equity Issue

Board withdrew 27.48cr warrant plan at Rs11.50 (Rs316.02Cr) and approved fresh preferential issue of 8.61cr equity shares at Rs11.50 (Rs99Cr) to SRM Global, Orange AI Tech and Eroc Colorant. Shifts from partly-paid warrants to fully paid shares for firm cash; allottees entirely new; continues frequent equity raises; needs 29 Sep AGM approval with same relevant date. Promoter slips to 12.39% from 13.56%; six-month lock-in, BSE listing pending; use of proceeds, DBJ and larger overseas raise status undisclosed.