Outcome of Board Meeting held on 13th August, 2025
Awaiting price reaction for this filing.
Kundan Minerals & Metals' board approved unaudited Q1 FY26 results (quarter ended 30 June 2025). On a consolidated basis, revenue from operations jumped to ₹15,114.39 lakhs from just ₹210.06 lakhs in Q1 FY25, driven by the recent acquisition of Kundan Concentrates Private Limited. The company swung from a loss after tax of ₹125.63 lakhs to a profit of ₹528.19 lakhs year-on-year, with EPS of ₹0.87. Standalone revenue stood at ₹2,65,872.05 lakhs with a small PAT of ₹97.75 lakhs. The board also appointed M/s Bhambri & Associates as Secretarial Auditors for 5 years (FY26–FY30), approved the reclassification of promoters as per an NCLT Kolkata order dated October 2023, and fixed the AGM for 22 September 2025. Additionally, the company announced plans to set up a new mining entity in Ethiopia, acquiring more than 90% stake, pending FEMA approvals.
For shareholders, the headline numbers show a dramatic revenue and profit swing, though this is largely because last year's figures didn't include the newly acquired subsidiary, so the growth reflects consolidation rather than organic expansion. The promoter reclassification and new Ethiopia mining venture could shape long-term growth, but near-term focus remains on the precious metals trading business. The clean auditor review and appointment of a new secretarial auditor add to governance continuity.