Meeting Details
- Date: Tuesday, 22nd September 2026
- Time: 12:30 PM (IST)
- Mode: Video Conferencing/Other Audio Visual Means (VC/OAVM) Facility
- Record Date: 21st August 2026 (for sending notice), 15th September 2026 (for voting rights)
Agenda Items and Resolutions
ORDINARY BUSINESS
ITEM NO. 1: ADOPTION OF FINANCIAL STATEMENTS
To consider and adopt Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026, consisting of Balance Sheet, Statement of Profit and Loss, Cash Flow Statement with reports of Board of Directors and Auditors.
ITEM NO. 2: RE-APPOINTMENT OF DIRECTOR
To re-appoint Mr. Siddharath Gogia (DIN: 07202627), Director who retires by rotation. Age: 49 years, Qualification: B.Com, MBA, Initial appointment: 16/12/2023, Board meetings attended: 10, Shares held: Nil.
ITEM NO. 3: RE-APPOINTMENT OF DIRECTOR
To re-appoint Mr. Deepak Gupta (DIN: 06643918), Director who retires by rotation. Age: 48 years, Qualification: Chartered Accountant, Initial appointment: 27/02/2024, Board meetings attended: 10, Shares held: Nil.
SPECIAL BUSINESS
ITEM NO. 4: APPOINTMENT OF INDEPENDENT DIRECTOR
To appoint Ms. Priya Khandelwal (DIN: 11790072) as Non-Executive Independent Director for 5 years until 12th August 2031. Special Resolution required. Qualification: CS, B.Com, Experience: 6+ years in corporate governance, compliance, board processes. Registered with Independent Directors Databank.
ITEM NO. 5: APPROVAL OF MATERIAL RELATED PARTY TRANSACTIONS - KUNDAN MINERALS
Ordinary Resolution to approve material RPTs for FY 2026-2027 and 2027-2028 with seven related parties:
Related Parties and Transaction Limits:
- Rishi Ganga Enterprises Limited: ₹10,000 crore annually
- J.B. Jewels and Metals LLP: ₹8,000 crore annually
- Kundan and Zeya Limited: ₹8,000 crore annually
- Kundan Gold Private Limited: ₹8,000 crore annually
- Kundan Refinery Private Limited: ₹10,000 crore annually
- Kundan Gold Mines Private Limited: ₹5,000 crore annually
- Kundan Ventures FZCO: ₹5,000 crore annually
Financial Impact: Transactions represent 105%-210% of company's annual consolidated turnover. All transactions at arm's length, ordinary course of business.
ITEM NO. 6: APPROVAL OF MATERIAL RELATED PARTY TRANSACTIONS - KUNDAN CONCENTRATES (SUBSIDIARY)
Ordinary Resolution for similar RPT approvals for wholly-owned subsidiary with same seven related parties and identical monetary limits.
ITEM NO. 7: LOANS AND ADVANCES TO RELATED PARTY
Special Resolution to approve lending to Gogia Leasing Limited up to ₹1000 crore at single point under Section 185 read with Regulation 23 of SEBI LODR. Interest rate aligned with prevailing bank lending rates, unsecured, payable on demand.
ITEM NO. 8: LOANS FROM RELATED PARTIES
Special Resolution to approve borrowing from:
- Gogia Leasing Limited: ₹1400 crore
- Vidit Garg: ₹100 crore
Total: ₹1500 crore at single point under Section 180(1)(c) read with Regulation 23.
ITEM NO. 9: SUBSIDIARY LOANS AND ADVANCES TO RELATED PARTY
Special Resolution for Kundan Concentrates to lend to Gogia Leasing Limited up to ₹1000 crore under same terms as Item 7.
ITEM NO. 10: SUBSIDIARY LOANS FROM RELATED PARTIES
Special Resolution for Kundan Concentrates to borrow from:
- Gogia Leasing Limited: ₹1400 crore
- Vidit Garg: ₹100 crore
Total: ₹1500 crore under same terms as Item 8.
Financial Performance Highlights (FY 2025-2026)
Standalone (₹ Lakhs):
- Revenue from operations: 1160.02 (prev: 395608.55)
- Total Revenue: 1728.46 (prev: 395867.94)
- Net Profit: 259.24 (prev: 12579.79)
Consolidated (₹ Lakhs):
- Revenue from operations: 475738.99 (prev: 427743.93)
- Total Revenue: 476296.66 (prev: 428970.39)
- Net Profit: 10814.76 (prev: 12793.54)
Voting Arrangements
- Remote e-Voting Period: 19th September 2026 (9:00 AM) to 21st September 2026 (5:00 PM)
- Voting Service Provider: National Securities Depository Limited (NSDL)
- VC/OAVM Facility: Available for 1000 members on first-come-first-served basis
Interested Parties
Mr. Vidit Garg and Mr. Udit Garg are interested in resolutions involving related party transactions. All other directors/KMPs have declared no interest.
Documents Available
- Notice available at www.kundanmineralsandmetals.com
- Also available on BSE (www.bseindia.com), NSE (www.nseindia.com) and NSDL (www.evoting.nsdl.com) websites