Outcome of the Board Meeting held today i.e. Friday, 13th February 2026
Awaiting price reaction for this filing.
The Board of Kundan Minerals and Metals approved un-audited standalone and consolidated financial results for Q3 FY26 and the nine months ended 31 December 2025. On a standalone basis, revenue from operations surged to roughly ₹192,650 lakhs in Q3 FY26, nearly doubling from about ₹95,608 lakhs in Q3 FY25, driven by its precious metals and related products business. Profit for the quarter also grew strongly, and total comprehensive income for the nine-month period rose to about ₹560,103 lakhs from ₹519,714 lakhs a year earlier. During the quarter the company acquired the remaining 51% stake in Kundan Gold Mines Pvt Ltd for just ₹0.51 lakhs, making it a wholly owned subsidiary, and also has ICDs and preference share investments running into thousands of lakhs in related subsidiaries. Two regulatory actions were disclosed: a Directorate of Revenue Intelligence (DRI) search on 6 December 2025 and an Income Tax survey under Section 133A on 28 January 2026 — both are pending and no show-cause notice has been received. The statutory auditor issued an unmodified limited review report on both standalone and consolidated results.
Very strong top-line growth and subsidiary consolidation signal aggressive expansion, but the DRI search and Income Tax survey are overhangs that could turn into liabilities or penalties if adverse — shareholders should watch for further updates on these investigations.