Kundan Minerals and Metals Limited has informed the Exchange about General Updates
Awaiting price reaction for this filing.
The Board of Kundan Minerals and Metals Limited approved an investment in its wholly owned subsidiary, Kundan Gold Mines Private Limited, which is engaged in prospecting, exploration and mining of minerals like gold and graphite. The company will subscribe to 30,00,000 (Thirty Lakh) equity shares at par value, and the subsidiary will remain 100% owned post-investment. The transaction is treated as a related party transaction but is being done at arm's length. The subsidiary is newly incorporated with NIL turnover in the last three financial years (FY2023–FY2025), and no government or regulatory approvals are required. Completion is expected within one month.
This is a routine capital infusion into a wholly owned subsidiary to support its expansion in gold and graphite mining, with no change in ownership structure or material dilution for existing shareholders. Given the small scale and the subsidiary being non-revenue generating so far, this is unlikely to move the stock price significantly in the short term.