Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 - Details of the Voting Results of the business transacted at the 1st Extra Ordinary General ....
Awaiting price reaction for this filing.
Kundan Minerals and Metals Limited held its 1st Adjourned Extra Ordinary General Meeting on 13th May 2025 at 12:30 PM via video conferencing (originally scheduled for 6th May but adjourned due to lack of quorum). A total of 9,230 votes were exercised by 8 shareholders through remote e-voting (NSDL, EVEN: 133564), with no invalid votes. All 7 resolutions were passed with the requisite majority — the first two (auditor appointment and related party transaction approval with Kundan Refinery Pvt Ltd for FY 2024-25) received 100% support, while the remaining five special resolutions (Section 185 loan/guarantee approvals, Section 186 investment limits, Section 180(1)(c) borrowing limits, and further related party transactions under Reg 23) passed with 98.81% in favour (9,120 votes) and 1.19% against (110 votes). Scrutinizer Ansh Bhambri (UDIN: F013356G000330761) certified the results.
All resolutions cleared easily with near-unanimous shareholder support, granting the company wider flexibility on related-party dealings, borrowings, and inter-corporate loans/investments for FY25. The low turnout and very small share base suggest thin free-float participation, but no dissent of meaningful consequence — minimal expected impact on share price.