Outcome of Board Meeting dated 17.09.2026 for withdrawal of proposed Issue of warrants and approval of fresh proposal for preferential issue of Equity Shares.

September 17, 2026 The Manager, Department of Corporate Services, 1st Floor, New Trading Ring, Rotunda Building, P.J. Towers, Dalal Street, Mumbai-400 001 Script Code No. 526935 Reference: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) Subject: Outcome of Board Meeting held on September 17, 2026 Dear Sir/Madam, Pursuant to applicable regulations of the Listing Regulations, including Regulation 30 read with Para A of Part A of Schedule III thereof, and in continuation to our earlier intimations dated August 20, 2026 and August 28, 2026, we wish to inform you that the Board of Directors of Kalind Limited (the “Company”), at its meeting held today i.e. Thursday, September 17, 2026, has, inter alia, considered and approved the following: 1. Withdrawal of earlier proposal for issue of Warrants: The Board, after due consideration and deliberation, has reconsidered the proposal for issue of Warrants on preferential basis approved at its meeting held on August 28, 2026. Accordingly, the Board has approved the withdrawal/dropping of the entire proposal for issue of upto 27,48,00,000 (Twenty-Seven Crore Forty-Eight Lakh) Warrants, fully convertible into equivalent number of Equity Shares of the Company, at an issue price of ₹11.50/- per Warrant, aggregating to an amount not exceeding ₹316.02 Crore, as earlier approved by the Board. The said proposal shall accordingly not be proceeded with. 2. Approval of fresh proposal for preferential issue of Equity Shares: In place of the aforesaid Warrant issue proposal, the Board has considered and approved a fresh proposal for issue and allotment of upto 8,60,86,956 (Eight Crore Sixty Lakh Eighty-Six Thousand Nine Hundred and Fifty-Six) fully paid-up Equity Shares of the Company, having face value of ₹2/- each, at an issue price of ₹11.50/- per Equity Share, including a premium of ₹9.50/- per Equity Share, aggregating to ₹98,99,99,994 (Rupees Ninety-Eight Crore Ninety-Nine Lakh Ninety-Nine Thousand Nine Hundred and Ninety-Four Only), on a preferential basis to the following proposed allottees: Sr. No. Name of Proposed Allottee Category Maximum No. of Proposed Equity Shares 1 SRM GLOBAL INFRASTRUCTURE Non Promoter 2,00,00,000 LIMITED 2 ORANGE AI TECH PRIVATE Non Promoter 2,17,39,130 LIMITED 3 EROC COLORANT PRIVATE Non Promoter 4,43,47,826 LIMITED Total 8,60,86,956 The proposed issue shall be undertaken in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”), the Companies Act, 2013 and rules made thereunder and other applicable laws, subject to such approvals, consents, permissions and sanctions as may be required. Details as required under Regulation 30 of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 with respect to the aforesaid Preferential Issue is enclosed as Annexure 1. 3. Terms of issue: The proposed Equity Shares shall:  The Relevant Date for determining the issue price shall remain August 28, 2026, being the Relevant Date considered for the proposed preferential issue, and the issue price of ₹11.50/- per Equity Share shall continue to be based on the floor price determined with reference to such Relevant Date, in accordance with the applicable provisions of the SEBI ICDR Regulations.  have a face value of ₹2/- per Equity Share;  carry a securities premium of ₹9.50/- per Equity Share;  be fully paid-up at the time of allotment;  rank pari passu in all respects with the existing Equity Shares of the Company, subject to applicable laws; and  be listed on the BSE Limited, subject to receipt of necessary approvals. 4. Members' approval: The Board has approved taking necessary steps for obtaining the approval of the Members of the Company for the aforesaid preferential issue of Equity Shares by way of Special Resolution. Since the Notice of the Annual General Meeting of the Company scheduled to be held on Tuesday, September 29, 2026 has already been circulated to the Members, the Company shall issue a Corrigendum to the Notice of AGM to: a. withdraw/delete in entirety the existing agenda item 5 relating to the proposed issue of Warrants; and b. insert a new agenda item 5 and Special Resolution relating to the proposed issue of Equity Shares on preferential basis. 5. The Board has authorised the Director(s) and/or Company Secretary of the Company to severally take all necessary steps, including issuance of the Corrigendum to the Notice of AGM, withdrawal or modification of the existing in-principle approval application filed with the Stock Exchange and/or submission of a fresh application, as may be required, and to make all necessary filings, disclosures and submissions with the Stock Exchange, SEBI, ROC and other regulatory authorities. The meeting of the Board of Directors commenced at 7:00 pm and concluded at 8:20 p.m. This disclosure will also be hosted on the Company's website viz. www.kalindlimited.com. You are requested to kindly take the above information on records. Thanking you, Yours Faithfully, For Kalind Limited Ayush Jasani Vice Chairman and Managing Director DIN: 09842741 Encl: a/a Annexure 1 Details in terms of SEBI Circular No. CIR/CFD/CMD/4/2015 dated 09.09.2015 and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13.07.2023 S.N. Particulars Disclosures 1. Type of securities Equity Shares of a Face Value of Rs. 2/- each. proposed to be issued 2. Type of issuance Preferential Issue in accordance with Chapter V of the SEBI ICDR Regulations and other applicable laws 3. Total number of Allotment of Upto 8,60,86,956 Equity Shares of face value of Rs. 2/- each on securities Preferential issue basis at a price of Rs. 11.50/- per Equity Share including a premium of Rs. 9.50/- per Equity Share aggregating to ₹98,99,99,994 proposed to be (Rupees Ninety-Eight Crore Ninety-Nine Lakh Ninety-Nine Thousand issued or the total Nine Hundred and Ninety-Four Only) amount for which the securities will be issued (approximately) In case of preferential issue, the listed entity shall disclose the following additional details to the stock exchange(s): 4. Name of Allottee and maximum Category Maximum no. number of of the of Equity Shares Proposed Equity Shares proposed to be Allottee offered: allotted No. Name of the Proposed Allottees SRM GLOBAL Non 2,00,00,000 1. INFRASTRUCTURE LIMITED Promoter ORANGE AI TECH PRIVATE Non 2,17,39,130 LIMITED Promoter EROC COLORANT PRIVATE Non 4,43,47,826 LIMITED Promoter TOTAL 8,60,86,956 5. Number of 3 (Three) Investors 6. Post allotment of The details of securities prior to and after the proposed preferential securities - allotment, are as under: outcome of the Post Allotment of Securities-Outcome of the Subscription: subscription S.N. Category of Pre- % Post- % Shareholders Preferential Preferential Issue Issue# 1. Promoter & 12,39,77,362 13.56 12,39,77,362 Promoter 12.39 Group 2. Public 79,01,97,638 86.44 87,62,84,594 87.61 TOTAL 91,41,75,000 100.00 1,00,02,61,956 100.0 #The post-issue shareholding pattern in the above table has been prepared on the basis that the proposed allottee(s) will subscribe to all the Equity Shares proposed to be issued to them and that the pre-issue shareholding pattern continues to remain the same. The shareholding pattern has been calculated assuming allotment of all the proposed Equity Shares. In the event that, for any reason, the proposed allottee(s) do not or are unable to subscribe to and/or are not allotted the Equity Shares, the shareholding pattern would undergo corresponding changes. 7. Issue price Rs. 11.50/- per Equity Share (including a premium of Rs. 9.50/- per Equity Share), which is not lower than the floor price of Rs. 11.39/- per Equity Share, determined in accordance with Regulations 164(1) and 166A of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“S [Showing first 8,000 characters — download PDF for full document]