Kundan Minerals and Metals Limited has informed the Exchange about General Updates
Awaiting price reaction for this filing.
Kundan Minerals and Metals held its 58th AGM on 29th September 2025 at 12:30 PM via video conferencing, but this was actually a re-convened meeting after the original AGM on 22nd September was adjourned due to lack of quorum. Even at the adjourned meeting, the required quorum was not met — the Company Secretary confirmed that only 7 members were present. The meeting then proceeded under Section 103 of the Companies Act 2013, which allows the members present to form the quorum. Four ordinary resolutions were put to vote: adoption of financial statements, re-appointment of two directors (Mr. Vidit Garg and Mr. Deepak Gupta) retiring by rotation, and appointment of secretarial auditors. Voting took place through remote e-voting (19th–21st September) and e-voting during the meeting, with results to be declared after the Scrutinizer's report. All directors attended except Mr. Udit Garg and Mr. Vidit Garg. The meeting concluded at 1:07 PM.
The repeated failure to meet quorum at both the original and adjourned AGM signals very low shareholder participation, which may raise governance and engagement concerns among investors. Shareholders should watch for the voting results on the four resolutions, especially the financial statements adoption and director appointments.