Intimation for adjournment of the Annual General Meeting dated 22nd September,2025 of M/s Kundan Minerals and Metals Limited ('Company')
Awaiting price reaction for this filing.
Kundan Minerals and Metals Limited informed BSE and NSE that its 58th Annual General Meeting, scheduled for 22nd September 2025 at 12:30 PM via video conferencing, was adjourned due to lack of the required quorum, even after waiting half an hour till 1:00 PM. The adjourned AGM will now be held on Monday, 29th September 2025 at 12:30 PM through VC/OAVM, as per Section 103 of the Companies Act, 2013. The remote e-voting facility provided via NSDL closed on 21st September 2025 at 5:00 PM. The AGM agenda includes adoption of audited standalone and consolidated financial statements for FY ending March 31, 2025, re-appointment of directors Mr. Vidit Garg and Mr. Deepak Gupta (retiring by rotation), and appointment of Bhambri & Associates as Secretarial Auditors for a five-year term (FY 2025-26 to FY 2029-30).
The adjournment due to lack of quorum is a negative governance signal, suggesting weak shareholder participation or engagement. However, the resolutions are routine and expected to be passed at the reconvened meeting on 29th September 2025 with minimal disruption to shareholders.