Kundan Minerals and Metals Limited — Board Meeting, 21-03-2025: Outcome of Board Meeting

The Board of Directors has approved a significant investment of ₹30 crores in its wholly-owned subsidiary, Kundan Concentrates Private Limited, through a rights issue of cumulative, non-convertible, compulsorily redeemable preference shares. The investment will comprise 30 million shares at ₹10 each. Additionally, Mr. Varun Gupta has been appointed as chairman of the company. The board also adopted a policy on the materiality of related party transactions, effective immediately, which is available on the company’s website.