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

Kachchh Minerals Limited's Board has approved significant decisions including increasing the authorized share capital from ₹10 Cr to ₹90 Cr, pending shareholder approval at an upcoming Extraordinary General Meeting. The company plans to align its Memorandum and Articles of Association with the Companies Act, 2013, and has appointed Mr. Dipen Vijaykumar Shah as Company Secretary. Mr. Jagdish Sajan Kandoria has resigned as Independent Director. Additionally, the company is set to acquire a 100% stake in Rajhans Procon Private Limited for ₹206.74 Cr, by way of issuing up to 7.38 Cr equity shares at ₹28 each. This strategic move aims to bolster Kachchh’s business expansion in real estate, likely enhancing investor confidence while introducing equity dilution risks.