Kundan Minerals and Metals Limited has informed the Exchange about Copy of Newspaper Publication
Awaiting price reaction for this filing.
Kundan Minerals and Metals Limited (formerly Eastern Sugar & Industries Limited) published its audited consolidated financial results for Q4 and FY ended March 31, 2026 in newspapers. Total Income for FY26 was Rs 476,296.66 lakhs with Net Profit after Tax of Rs 10,814.76 lakhs, compared to Rs 428,970.39 lakhs and Rs 12,793.54 lakhs respectively in FY25. The company underwent Corporate Insolvency Resolution Process (CIRP) under IBC, and trading in its equity shares remains suspended on BSE and NSE. The company is seeking revocation of suspension and re-listing approval. Key changes include acquisition of Kundan Concentrates Private Limited, conversion of CCDs making Kundan Gold Mines Private Limited an associate company, and 70% stake in Kundan Venture FZCO (foreign subsidiary). An Income Tax survey was conducted on Group Companies in January 2026.
Positive signal on financial performance with profit growth, but trading suspension remains a concern for shareholders. Company is working towards re-listing approval. Income Tax survey adds regulatory uncertainty.