Kundan Minerals and Metals Limited has informed the Exchange regarding Board meeting held on February 13, 2026.
Awaiting price reaction for this filing.
The Board of Kundan Minerals and Metals Limited approved unaudited standalone and consolidated financial results for Q3 FY26 (quarter and nine months ended 31 December 2025). The company operates in a single segment — precious metals and related products. For the nine months ended December 2025, the company reported total income of approximately Rs 61,008 lakhs and profit after tax of Rs 5,051 lakhs on a standalone basis. The statutory auditor (Ashwani & Associates) issued an unqualified review report on both standalone and consolidated results. During the quarter, the company acquired the remaining 51% stake in Kundan Gold Mines Pvt Ltd, making it a wholly owned subsidiary. The company also disclosed that the Directorate of Revenue Intelligence conducted a search on 6 December 2025 and the Income Tax department conducted a survey under Sec 133A on 28 January 2026 — both matters are under review with no show-cause notice received to date.
Results are positive with healthy profits, but the DRI search and Income Tax survey create regulatory overhang and potential contingent liability risk that shareholders should monitor closely. The acquisition of full control of Kundan Gold Mines shows ongoing consolidation of the precious metals business, though the final outcomes of the tax investigations remain uncertain.