Kundan Minerals and Metals Limited has informed the Exchange regarding Proceedings of 58th Adjourned Annual General Meeting held on September 29, 2025
Awaiting price reaction for this filing.
Kundan Minerals and Metals Limited held its 58th Adjourned Annual General Meeting on September 29, 2025 at 12:30 PM via video conferencing. This was a reconvened meeting after the original AGM on September 22, 2025 was adjourned due to lack of quorum. Even at the adjourned meeting, only 7 members attended in person, and after waiting 30 minutes the requisite quorum was still not present, so the meeting proceeded under Section 103 of the Companies Act, 2013 with attending members treated as quorum. Four ordinary resolutions were put to vote, covering 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 was conducted via remote e-voting (September 19–21) and e-voting during the meeting, with results to be declared after the scrutinizer's report.
This is a routine procedural filing with no direct material impact on shareholders. However, the unusually thin attendance at both the original and adjourned AGM signals weak shareholder engagement. Investors should watch for the voting results on the four resolutions, which are expected to be filed separately once the scrutinizer's report is received.