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

✦ AI SummaryJoint Venture

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.