Kundan Minerals and Metals Limited has informed the Exchange about Agreements
Awaiting price reaction for this filing.
Kundan Minerals and Metals Limited's foreign subsidiary, Kundan Ventures FZCO, has entered into a Share Purchase Agreement to acquire an 80% stake in Compania Minera EL Desquite De Colombia S.A.S. The total consideration is USD 1,100,000 (approximately INR 92 lakhs). The sellers are Carlos Hector Carabali Zapata and Miguel Antonio Carabli, who are not related to the company. Upon completion, the Colombian company will become a step-down subsidiary of the listed entity. The agreement was dated 7th April 2026 but was intimated to the exchange only on 27th April 2026 due to the war situation. The transaction is not a related party transaction.
This acquisition expands the company's footprint into international mining operations through a foreign subsidiary, potentially diversifying revenue streams. The relatively modest deal size of USD 1.1 million is unlikely to have significant immediate impact on the listed company's financials or stock price.