Kachchh Minerals Ltd — Updates, 24-04-2025: Company Update

Kachchh Minerals Limited's Board has approved several strategic initiatives, including increasing its authorized share capital from ₹10 Crores to ₹90 Crores and altering the object clause of its Memorandum of Association to align with business goals, which are to be ratified at an upcoming Extraordinary General Meeting. The company appointed Dipen Vijaykumar Shah as the new Company Secretary and Compliance Officer and noted the resignation of Independent Director Jagdish Sajan Kandoria. Additionally, the Board approved the acquisition of 100% equity in Rajhans Procon Private Limited for ₹206.74 Crores and a preferential issue of up to 7.38 Crores equity shares at ₹28 each to facilitate this transaction. This positions Kachchh Minerals for expansion and may enhance investor sentiment positively, reflecting strong governance and growth potential.