Proceedings of the 58th Adjourned Annual General Meeting of the Company
Awaiting price reaction for this filing.
Kundan Minerals and Metals Ltd held its 58th Adjourned AGM on 29th September 2025 at 12:30 PM via video conferencing. The original AGM on 22nd September had been adjourned due to lack of quorum, and even at the adjourned meeting the required quorum was not present within 30 minutes, so under Section 103 of the Companies Act 2013 the 7 members present were treated as quorum. Four ordinary resolutions were put to vote, covering adoption of financial statements, re-appointment of two directors (Mr. Vidit Garg and Mr. Deepak Gupta) retiring by rotation, and appointment of Secretarial Auditors. Voting was conducted through remote e-voting (19-21 September) and e-voting during the meeting, with results to be declared after the Scrutinizer's report.
The adjourned AGM proceeding without full quorum is a procedural red flag that may concern governance-focused shareholders, though the meeting was legally valid. Investors should watch for the voting results once declared by the Scrutinizer, especially on director re-appointments and auditor appointment.