Proceedings of Extra Ordinary General Meeting for Financial Year 2025-26 of M/s Kundan Minerals and Metals Limited
Awaiting price reaction for this filing.
Kundan Minerals and Metals Limited held its Extra Ordinary General Meeting on 6 November 2025 at 12:30 PM via video conferencing, with 35 members attending. The meeting, presided by Chairman Mr. Varun Gupta, considered six resolutions — all focused on related-party transactions. Two ordinary resolutions approved material related-party transactions at the company level and at its wholly-owned subsidiary, Kundan Concentrates Private Limited. Four special resolutions approved loans/advances to and from related parties under Sections 185 and 180(1)(C) of the Companies Act, 2013, covering both the parent company and the subsidiary. Voting was conducted through remote e-voting (3–5 November) and e-voting during the meeting, with results pending the scrutinizer's report from Mr. Ansh Bhambri. Two directors (Mr. Udit Garg and Mr. Vidit Garg) were absent due to prior commitments; all other board members and key committee chairs were present.
The EGM was largely procedural, focused on seeking shareholder approval for routine related-party transactions and inter-corporate loans — no new strategic direction or capital action was announced. The voting results are awaited and will be disclosed separately; investors should watch for the scrutinizer's report to confirm whether all six resolutions passed with the required majority.