BSECompany Update25 Jul 2026 · 25 Jul 2026, 01:26 pm
Execution of Framework Teaming and Conditional Subcontracting Agreement with Dharan International Limited, United Kingdom.
Kalind Ltd · 526935
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Kalind Ltd has entered into a Framework Teaming and Conditional Subcontracting Agreement with Dharan International Limited, United Kingdom, to jointly pursue infrastructure opportunities in Africa.
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Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
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Kalind Ltd - 526935 - Execution Of Framework Teaming And Conditional Subcontracting Agreement
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July 25, 2026
The Manager,
Department of Corporate Services,
Bombay Stock Exchange Limited
P. J. Tower, Dalal Street,
Mumbai – 400 001
Scrip Code: 526935
SUB: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (“Listing Regulations”)
Reference: Execution of Framework Teaming and Conditional Subcontracting Agreement
Dear Sir/Madam,
Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations"), we wish to inform you
that Kalind Limited ("Company") has entered into a Framework Teaming and Conditional
Subcontracting Agreement with Dharan International Limited, United Kingdom, effective 23rd
July, 2026.
The Agreement provides a framework for jointly pursuing infrastructure opportunities in
Africa. It is a non-exclusive framework arrangement and does not create any joint venture or
guarantee any minimum business or revenue. Individual projects, if awarded, shall be
governed by separate project-specific agreements.
The disclosure as required under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-
1/P/CIR/2023/123 dated July 13, 2023 is enclosed as Annexure-A.
This is for your information and records.
Thanking You,
Yours sincerely,
For KALIND LIMITED
Ayush Dharmendrabhai Jasani
Vice Chairman & Managing Director
DIN: 09842741
Encl: a/a
Annexure A
Information as required under Regulation 30-Part of Para A of Schedule III of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015
Sr. No. Particulars Details
1. Name(s) of parties with whom the Dharan International Limited, United
Kingdom
agreement is entered
2. Purpose of entering into the agreement To establish a framework for jointly
identifying, bidding for and executing
government and private-sector
infrastructure opportunities across
Africa.
3. Shareholding, if any, in the entity with Nil
whom the agreement is executed
4. Significant terms and conditions of Dharan shall originate and coordinate
opportunities, while Kalind shall
order(s)/contract(s) awarded, in brief
provide technical expertise, approved
credentials and may execute agreed
subcontract work upon successful
award of projects. Separate Bid
Authorisations and Subcontract
Agreements shall govern individual
projects.
5. Whether, the said parties are related to No
promoter/promoter group/ group
companies in any manner. If yes, nature
of relationship.
6. Whether the transaction would fall within No
related party transactions? If yes, whether
the same is done at “arm’s length”
7. In case of issuance of shares to the parties, Not applicable
details of issue price, class of shares
issued;
8. Any other disclosures related to such Not applicable
agreements, viz., details of nominee on
the board of directors of the listed entity,
potential conflict of interest arising out of
such agreements, etc.
9. Impact of the agreement on management None. The Agreement does not result in
or control of the Company. any change in management or control of
the Company.
10. Impact on business The Agreement is expected to enhance
the Company's opportunities to
participate in infrastructure projects
across Africa. However, it does not
assure any immediate order, revenue or
financial commitment, and actual
business shall depend on successful
award of individual projects and
execution of definitive project-specific
agreements.
11. Date of execution 23rd July, 2026
12. Duration Initial term of three (3) years, automatically
renewable for successive one-year periods
unless terminated in accordance with the
Agreement.