Kundan Minerals and Metals Limited (KUNDANMM)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Kundan Minerals' revenue was ₹0.8 Cr, and net profit ₹-4.2 Cr; the operating margin was -858.2%.
| Q1 FY27 (₹ Cr) | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹0.8 | — | -88.5% |
| Operating profit | ₹-6.9 | — | loss widened |
| Net profit | ₹-4.2 | — | loss widened |
| EPS (₹) | -0.69 | — | loss widened |
| Operating margin | -858.2% | — | — |
📢 Recent Corporate Announcements
Kundan Minerals and Metals Limited has issued a clarification regarding its Board Meeting outcome dated August 25, 2026, rectifying an inadvertent error in the recorded meeting timings to 3:00 PM to 4:00 PM. The company also reiterated that its Annual General Meeting (AGM) for FY26 is scheduled for Tuesday, September 22, 2026, at 12:30 PM IST via video conferencing. Key approvals include the Board's Report for FY26 and the appointment of an e-voting scrutinizer. This is a standard administrative correction with no operational or financial impact.
- Clarified board meeting timings for August 25, 2026, starting at 3:00 PM and concluding at 4:00 PM
- AGM scheduled to be held on Tuesday, September 22, 2026, at 12:30 PM IST via VC/OAVM
- Approved Board's Report and Corporate Governance Report for the financial year ended March 31, 2026
- Appointed Mr. Ansh Bhambri as scrutinizer and NSDL for remote e-voting facilities
Kundan Minerals and Metals Limited has announced its Annual General Meeting (AGM) scheduled for September 22, 2026. The company has fixed Tuesday, September 15, 2026, as the cut-off date to determine shareholder eligibility for electronic voting. The remote e-voting window will be active from September 19, 2026 (9:00 AM) to September 21, 2026 (5:00 PM). This is a routine regulatory compliance filing under Regulation 44 of SEBI (LODR) Regulations.
- Annual General Meeting scheduled to be held on September 22, 2026
- Cut-off date for e-voting eligibility set as September 15, 2026
- Remote e-voting window opens September 19, 2026 (9:00 AM) and closes September 21, 2026 (5:00 PM)
Kundan Minerals and Metals Limited has issued notice convening its 59th Annual General Meeting (AGM) for shareholders. The meeting is scheduled for Tuesday, September 22, 2026, at 12:30 PM IST via Video Conferencing/Other Audio Visual Means. The company reported a net loss of Rs 4.1834 crore on revenue of Rs 0.807 crore in the June 2026 quarter. This notice represents a routine annual statutory compliance.
- 59th Annual General Meeting scheduled for September 22, 2026 at 12:30 PM IST
- AGM to be conducted via Video Conferencing / Other Audio Visual Means (VC/OAVM)
- June 2026 quarter revenue stood at Rs 0.807 crore with a net loss of Rs 4.1834 crore
Kundan Minerals and Metals Limited has approved the scheduling of its Annual General Meeting (AGM) for the financial year ended March 31, 2026. The AGM will take place virtually on Tuesday, September 22, 2026, at 12:30 PM IST through Video Conferencing/Other Audio Visual Means. The Board also approved the Board's Report, Corporate Governance Report, and MD&A Report. Mr. Ansh Bhambri of M/s Bhambri & Associates has been appointed as the e-voting scrutinizer, with NSDL providing the e-voting platform.
- AGM scheduled for September 22, 2026 at 12:30 PM IST via VC/OAVM
- Approved Board's Report, MD&A, and Corporate Governance Report for FY ended March 31, 2026
- Appointed Mr. Ansh Bhambri (M/s Bhambri & Associates) as remote e-voting scrutinizer
- Engaged NSDL to manage e-voting and virtual meeting platform
Kundan Minerals and Metals reported a significant net loss of ₹418.34 lakhs for Q1 FY27, a sharp reversal from the ₹97.75 lakhs profit in the same quarter last year. Revenue from operations plummeted 88% sequentially to ₹80.70 lakhs, while 'Other Expenses' surged to ₹705.98 lakhs, exceeding total income. The company appointed Ms. Priya Khandelwal as an Independent Director for a five-year term. Critically, the filing highlights ongoing regulatory scrutiny following a DRI search in December 2025 and an Income Tax survey in January 2026.
- Reported a net loss of ₹418.34 lakhs in Q1 FY27 compared to a profit of ₹97.75 lakhs in Q1 FY25
- Revenue from operations fell 88.4% sequentially to ₹80.70 lakhs from ₹699.70 lakhs in Q4 FY26
- Other expenses spiked to ₹705.98 lakhs, representing over 330% of the total income for the quarter
- Appointment of Ms. Priya Khandelwal as Independent Director for a 5-year term effective August 13, 2026
- Disclosed ongoing regulatory reviews regarding a DRI search (Dec 2025) and an Income Tax survey (Jan 2026)
Kundan Minerals and Metals Limited reported a sharp decline in financial performance for Q1 FY27, with revenue from operations falling 93% YoY to ₹80.70 lakhs. The company swung to a standalone net loss of ₹418.34 lakhs, compared to a profit of ₹97.75 lakhs in the same quarter last year, primarily driven by a surge in 'Other Expenses' to ₹705.98 lakhs. Alongside results, the board appointed Priya Khandelwal as an Independent Director for a five-year term. The company remains in a transitional phase post-insolvency resolution, with trading approval for its shares still pending from stock exchanges.
- Revenue from operations collapsed to ₹80.70 lakhs in Q1 FY27 from ₹1,160.02 lakhs in Q1 FY26.
- Standalone net loss stood at ₹418.34 lakhs against a profit of ₹97.75 lakhs in the previous year's quarter.
- Other expenses increased significantly to ₹705.98 lakhs from just ₹14.90 lakhs in Q1 FY26.
- Priya Khandelwal appointed as Independent Director for a 5-year term effective August 13, 2026.
- Subsidiary Kundan Venture FZCO acquired a 99% stake in West Africa Exploration & Mining on May 13, 2026.
Kundan Minerals and Metals Limited reported a net loss of ₹4.18 crore for the quarter ended June 30, 2026, a sharp decline from a profit of ₹0.98 crore in the same period last year. While revenue from operations grew to ₹0.81 crore from nil, total expenses surged to ₹7.76 crore, primarily due to a spike in 'Other Expenses' which reached ₹7.06 crore. The company also announced the appointment of Ms. Priya Khandelwal as an Independent Director for a five-year term. Notably, the company is still awaiting trading approval from stock exchanges following its exit from the Corporate Insolvency Resolution Process (CIRP).
- Net loss of ₹418.34 lakhs in Q1 FY27 compared to a profit of ₹97.75 lakhs in Q1 FY26.
- Other expenses increased significantly to ₹705.98 lakhs from ₹14.90 lakhs in the year-ago quarter.
- Revenue from operations stood at ₹80.70 lakhs, up from zero in the corresponding quarter of the previous year.
- Subsidiary Kundan Venture FZCO acquired a 99% stake in West Africa Exploration & Mining on May 13, 2026.
- Ms. Priya Khandelwal appointed as Independent Director for a 5-year term ending August 12, 2031.
Kundan Minerals and Metals Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The report, issued by its Registrar and Share Transfer Agent, Maheshwari Datamatics Private Limited, covers the period from April 1, 2026, to June 30, 2026. It confirms that no dematerialisation requests for equity shares were processed or confirmed during this three-month period. This is a standard administrative disclosure with no impact on the company's financial health or operations.
- Zero (0) dematerialisation requests were confirmed during the quarter ended June 30, 2026
- Reporting period spans from April 1, 2026, to June 30, 2026
- Compliance certificate issued by Registrar Maheshwari Datamatics Private Limited on July 2, 2026
- Filing submitted to exchanges on July 13, 2026, in accordance with SEBI regulations
Kundan Minerals and Metals Limited has announced the resignation of Ms. Shefali Kesarwani from her role as a Non-Executive Independent Director, effective July 01, 2026. The director cited pre-occupation and other personal commitments as the primary reasons for her departure. Crucially, she was not a member of any board committees, and she confirmed there are no other material reasons for her resignation. The company will need to ensure board composition remains compliant with SEBI regulations following this exit.
- Resignation effective from the close of business hours on July 01, 2026
- Director held 0 committee positions within the company at the time of resignation
- Director holds 0 other directorships in listed entities
- Confirmation provided that there are 0 material reasons for resignation other than personal commitments
Kundan Minerals and Metals Limited has announced the closure of its trading window starting July 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is preparatory to the announcement of the company's unaudited financial results for the quarter ending June 30, 2026. The restriction applies to all designated persons, connected persons, and their immediate relatives. The trading window will remain closed until 48 hours after the financial results are officially declared to the exchanges.
- Trading window closure effective from Wednesday, July 1, 2026.
- Closure pertains to the unaudited financial results for the quarter ended June 30, 2026.
- Restriction applies to all designated/connected persons and their immediate relatives.
- Window will reopen 48 hours after the board meeting results are declared.
- The specific date for the Board Meeting will be announced in due course.
Kundan Minerals and Metals Limited reported a catastrophic decline in financial performance for the fiscal year ended March 31, 2026. Annual revenue from operations collapsed to ₹11.60 crore from ₹3,956.08 crore in the previous year, representing a near-total wipeout of business volume. Consequently, full-year net profit crashed by 98% to ₹2.59 crore. The company also slipped into a net loss of ₹13.42 lakhs for the final quarter (Q4 FY26), and its shares remain suspended from trading on major exchanges.
- Annual revenue from operations fell by 99.7% YoY to ₹1,160.02 lakhs in FY26 from ₹395,608.55 lakhs in FY25.
- Net profit for the full year declined sharply to ₹259.24 lakhs compared to ₹12,579.79 lakhs in the previous fiscal.
- The company reported a standalone net loss of ₹13.42 lakhs for Q4 FY26 against a profit of ₹6,698.76 lakhs in Q4 FY25.
- Auditors noted that trading of equity shares has been restricted/suspended on BSE and NSE since October 4, 2023.
- The Board approved the re-appointment of S Lall Vikas & Co. as Internal Auditors for the financial year 2026-27.
Kundan Minerals and Metals Limited has announced that its subsidiary, Kundan Gold Mines Private Limited (KGMPL), has transitioned into an Associate Company. This change follows the allotment and subsequent conversion of 39,39,370 Compulsory Convertible Debentures (CCDs) on May 20, 2026. Consequently, its step-down subsidiary, Kundan Minerals Care Private Limited, has also become an Associate Company. Financial disclosures reveal that KGMPL had zero turnover and a negative net worth of ₹43.68 Lakhs as of March 31, 2025.
- Conversion of 39,39,370 CCDs on May 20, 2026, led to the reclassification of KGMPL from a subsidiary to an associate.
- KGMPL reported NIL turnover and a negative net worth of ₹43.68 Lakhs for the financial year ending March 31, 2025.
- Kundan Minerals Care Private Limited, incorporated in June 2025, also becomes an Associate Company through this transaction.
- The restructuring results in a dilution of the parent company's direct control over these entities.
Kundan Minerals and Metals Limited has announced the postponement of its Board Meeting originally held on May 18, 2026. The meeting is now rescheduled for Tuesday, May 19, 2026, to continue discussions regarding the financial statements for the year ended March 31, 2026. This one-day delay indicates that the board requires additional time to finalize and approve the annual financial figures. Investors should monitor the exchange for the official results and any specific disclosures regarding the audit process.
- Board meeting originally held on May 18, 2026, has been postponed to May 19, 2026.
- The delay is due to ongoing discussions regarding financial statements for the fiscal year ended March 31, 2026.
- Final outcome and financial results will be submitted to stock exchanges upon conclusion of the rescheduled meeting.
Kundan Minerals and Metals Limited, through its subsidiary Kundan Ventures FZCO, has acquired a 99% stake in West Africa Exploration & Mining, Mauritania. The acquisition was completed for a cash consideration of 99,000 MRU (Mauritanian Ouguiya). The target company is a newly incorporated entity (August 2025) focused on mineral mining and currently reports zero turnover. This move is part of Kundan's strategy to expand its international footprint in the mining sector.
- Acquisition of 99% stake in West Africa Exploration & Mining, Mauritania
- Total cash consideration of 99,000 MRU paid for the controlling interest
- Target company is a startup incorporated in August 2025 with NIL turnover to date
- The target entity becomes a step-down subsidiary of Kundan Minerals and Metals Limited
Kundan Minerals and Metals Limited, through its foreign subsidiary Kundan Ventures FZCO, has entered into a Share Purchase Agreement to acquire an 80% stake in Compania Minera EL Desquite De Colombia S.A.S. The total consideration for this acquisition is USD 1,100,000, payable to the sellers who have no prior relationship with the company. Upon completion, the Colombian mining entity will become a step-down subsidiary of Kundan Minerals. This strategic move marks a significant international expansion into the South American mining sector.
- Acquisition of a controlling 80% stake in Compania Minera EL Desquite De Colombia S.A.S.
- Total cash consideration for the transaction is USD 1,100,000.
- The target company will transition into a step-down subsidiary of Kundan Minerals and Metals.
- Agreement signed on April 7, 2026, with disclosure delayed until April 27 due to reported war conditions.
- The transaction is not a related party transaction and is conducted at arm's length.
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