Kundan Minerals and Metals Limited — Important, 16-11-2024: Updates

The Board has approved the unaudited financial results for the quarter ended September 30, 2024. The company reported a revenue from operations of ₹1.11 lakh, alongside other income amounting to ₹161.35 lakh, resulting in total income of ₹162.46 lakh. However, total expenses for the quarter rose significantly to ₹410.83 lakh, leading to a net loss before tax of ₹−24.85 lakh, with earnings per share standing at ₹−0.02.

As of the reporting period, Kundan Minerals and Metals showed a strong total asset base of ₹3.82 crore, with current liabilities totaling ₹1.16 crore. The company's equity stands at ₹2.67 crore. Importantly, trading of the company’s shares remains temporarily suspended on NSE and BSE due to non-payment of annual listing fees. Investors should maintain a cautious approach as these financial figures reflect ongoing challenges alongside the temporary trading restrictions.