Monitoring Agency Report for the Quarter ended 30.06.2026

Monitoring Agency Report for Kalind Limited (Erstwhile known as Arunis Abode Limited) for the quarter ended June 30, 2026 Monitoring Agency Report August 14, 2026 Kalind Limited Fourth Floor, Office No. 404, White Pearls, Near Galaxy circle, Green City Rd, Surat, Gujarat, India 394510 Dear Sir, Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Right issue of ) We write in our capacity of Monitoring Agency for the Rights issue of equity shares for the amount aggregating to Rs. 120.51 crore of the Company and refer to our duties cast under 162A of the Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations, 2018 (SEBI ICDR Regulations). In this connection, we are enclosing the Monitoring Agency Report for the quarter ended June 30, 2026, in accordance with the aforesaid SEBI Regulations and the Monitoring Agency Agreement executed between the Company and the Monitoring Agency. Request you to kindly take the same on records. Thanking you, For and on behalf of Infomerics Valuation and Rating Limited Gaurav Jain (Director - Ratings) gaurav.jain@infomerics.com Report of the Monitoring Agency Name of the Issuer: Kalind Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: Infomerics Valuation and Rating Limited (a) Deviation from the objects: 1) Deviation from Object: Refer Note 1 (b) Range of Deviation: 1) Deviation from Object: Not ascertainable Indicate range of percentage deviation from the amount of issue proceeds earmarked for objects. For example, up to 10%, 10 25%, 25-50%, 50-75%, 75-100%, not ascertainable etc. Note 1: During Q4 FY26, the utilization towards the object No. 1 i.e. Capital Expenditure for Business Expansion included the advance payments made to 1) Sunshilp Trans Power Private Limited (Rs.50.00 crore) and 2) Satyanshu Trading Company (Rs. 30.54 crore) for the acquisition and purchase of earth-moving and construction equipment, including Excavators, Bulldozers and other allied machinery (Dozer machines model - D 155 - 45 units and BEML Dozer machines Model no D80- 65 units). These advance payments aggregated to Rs. 80.54 crore. As per agreement of Kalind Ltd with the vendors- Sunshilp Trans Power Private Limited and Satyanshu Trading Company, the delivery of the equipment will be made within six months from the date of agreement. However, during Q1 FY2027, Sunshilp Trans Power Private Limited refunded part amount of Rs. 35.35 crore due to its inability to supply the committed D155 dozers. The Company redeployed and fully utilized the refunded amount of Rs.35.35 crore towards procurement of machinery (D-80) from alternate vendors/suppliers. As on June 30, 2026, an advance of Rs. 14.65 crore remains outstanding with Sunshilp Trans Power Private Limited and Rs. 30.54 crore with Satyanshu Trading Company, against which the delivery of the equipment is pending. As per the agreement dated March 19, 2026, the delivery of the equipment is to be made within six months from the date of the agreement. Also, no details regarding the condition and actual delivery of the equipment have been provided; accordingly, the same could not be ascertained. * Range of Deviation may be computed by taking weighted average of financial deviation of each object in the ratio of issue proceeds allocated for it. Non-financial deviation may be indicated separately by way of notes. Declaration: We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit-related analyses. We declare that we do not have any direct / indirect interest in or relationship with the issuer/promoters/directors/management and also confirm that we do not perceive any conflict of interest in such relationship / interest while monitoring and reporting the utilization of issue proceeds by the issuer. We further declare that this report provides true and fair view of the utilization of issue proceeds. Signature: Name of the Authorized Person/Signing Authority: Gaurav Jain Designation of Authorized person/Signing Authority: Director - Ratings Seal of the Monitoring Agency: Date: August 14, 2026 :sliateD reussI detimiL dnilaK :reussi emaN inasaJ iahbrahceB iahbardnemrahD :reussi sretomorp semaN inasaJ iahbardnemrahD hsuyA inasaJ iahbardnemrahD nebnanateK .tnempiuqe gnivom htrae gnitner gnirih ,gnisael ,gnitcartnoC :sgnoleb hcihw rotces/yrtsudnI :sliateD eussI 6202 yraurbeF ,6202 yraurbeF :doireP eussI eussI sthgiR :)sthgir/cilbup( eussi epyT serahs ytiuqE sthgiR :seitiruces deificeps epyT elbacilppA :gnidarG etoN etoN( erorc 15.021 :)serorC ezis eussI 1 etoN muimerp gnidulcni( 00.71 ecirp hsac hcae serahS ytiuqE sthgiR 000,09,807 deussi ynapmoc ,62YF4Q .erorc 15.021 gnitagergga erahs ytiuqe sthgir )00.7 etoN .6202YF gnirud dezilitu ylluf erew erorc 05.0 sesnepxe detaler eussI sdrawot dekramrae sdeecorp eussI :etoN sutcepsorp sesnepxe detaler eussI detamitsE* sdeecorP ssorG gnirotinom llahs sgnitaR sciremofnI** :sdeecorp eussi gnirotinom erusne edam tnemegnarra sliateD stnemyap ecnavda dedulcni noisnapxE ssenisuB erutidnepxE latipaC .e.i tcejbo sdrawot noitazilitu ,62YF gniruD etoN noitisiuqca )erorc 45.03 .sR( ynapmoC gnidarT uhsnaytaS )erorc 00.05.sR( detimiL etavirP rewoP snarT plihsnuS )1 ot edam - ledom senihcam rezoD( yrenihcam deilla rehto srezodlluB ,srotavacxE gnidulcni ,tnempiuqe noitcurtsnoc gnivom-htrae fo esahcrup dnilaK tnemeerga .erorc 45.08 detagergga stnemyap ecnavda esehT .)stinu -08D ledoM senihcam rezoD LMEB stinu nihtiw edam lliw tnempiuqe yreviled ,ynapmoC gnidarT uhsnaytaS detimiL etavirP rewoP snarT plihsnuS -srodnev eht htiw erorc 53.53 tnuoma trap dednufer detimiL etavirP rewoP snarT plihsnuS ,7202YF gnirud ,revewoH .tnemeerga etad morf shtnom sdrawot erorc 53.53.sR tnuoma dednufer dezilitu ylluf deyolpeder ynapmoC .srezod 551D dettimmoc ylppus ytilibani htiw gnidnatstuo sniamer erorc 56.41 ecnavda ,6202 enuJ .sreilppus/srodnev etanretla morf )08-D( yrenihcam tnemerucorp .gnidnep tnempiuqe yreviled hcihw tsniaga ,ynapmoC gnidarT uhsnaytaS htiw erorc 45.03 detimiL etavirP rewoP snarT plihsnuS ,oslA .tnemeerga etad morf shtnom nihtiw edam ot si tnempiuqe yreviled ,6202 hcraM detad tnemeerga .deniatrecsa dluoc emas ,ylgnidrocca ;dedivorp neeb evah tnempiuqe yreviled lautca noitidnoc gnidrager sliated .6202YF eussi eht fo stcejbo sdrawot sdeecorp eussi eritne ot detcejorp ynapmoc ,reffO retteL sA :2 etoN draoB a dessap ynapmoC .6202YF llit dezilitu erew erorc 15.021 sdeecorp latot erorc 53.411 ylno ,revewoH stcejbo detats sdrawot dezilitu llahs erorc 61.6 tnuoma dezilitunu taht deton draoB eht nierehw ,6202 lirpA detad noituloseR elbaliava noituloseR draoB dias ,revewoH .6202 ,71 yraurbeF .e.i ,tnemtolla etad morf shtnom nihtiw eussI sthgiR .6202 tsuguA egnahcxE kcotS fo etisbew :derotinom s)s(tcejbo sliateD -)s(tcejbo tsoC rebmun noitarts [Showing first 8,000 characters — download PDF for full document]