Proceedings of Extra-Ordinary General Meeting for the Financial Year of M/s Kundan Minerals and Metals Limited
Awaiting price reaction for this filing.
Kundan Minerals and Metals held an Extraordinary General Meeting (EGM) on November 6, 2025, at 12:30 PM via video conferencing, attended by 35 members. Six resolutions were put to vote — two ordinary resolutions seeking approval for material related party transactions (one for the company, one for its wholly-owned subsidiary Kundan Concentrates Private Limited), and four special resolutions covering loans, advances, and borrowings with related parties under Section 185 and Section 180(1)(C) of the Companies Act, 2013. Voting was conducted through remote e-voting (November 3–5, 2025) and e-voting during the meeting. Results are awaited and will be declared after the scrutinizer submits its report, following which the outcome will be filed with BSE, NSE, and uploaded on the company's website.
Approval of these resolutions gives the company and its subsidiary broader flexibility to enter into related party transactions and take loans from related parties, which could mean closer financial links with insiders. Minority shareholders should watch for the e-voting results and any disclosures on transaction terms, as these directly affect the company's debt profile and related-party exposure.