Regulation 44(3) of the SEBI LODR Regulations,2015 Details of Voting Result
Awaiting price reaction for this filing.
Kundan Minerals and Metals Ltd held its EGM on November 6, 2025 (12:30 PM to 12:39 PM) via video conferencing, where all 6 resolutions were passed. The resolutions cover: (1-2) approval of material related party transactions for the company and its wholly-owned subsidiary Kundan Concentrates Pvt Ltd, and (3-6) loans/advances to and from related parties under Sections 185 and 180(1)(C) of the Companies Act, 2013. Voting was near-unanimous with 2,802 votes in favour (99.93%) and only 2 votes against (0.07%) on each resolution. The promoter group, holding 5.74 crore of the 6.05 crore total outstanding shares, abstained from voting on all resolutions as interested parties. Only 2,804 votes were polled, representing just 0.0046% of outstanding shares — participation was limited to public non-institutional shareholders. Scrutinizer Ansh Bhambri (Bhambri & Associates) certified the results.
This is a routine regulatory disclosure confirming shareholder approval for related-party transactions and inter-corporate loans, including through the wholly-owned subsidiary. The extremely low voting turnout is typical when promoter groups (holding ~95% of shares) recuse themselves from related-party resolutions, so it has limited direct bearing on the stock price. Retail investors should note the company is formalising significant related-party financial arrangements, which warrant monitoring of subsequent disclosures on terms and quantum.