Transaction Summary
Kundan Minerals and Metals Limited has made a further investment in its associate company, Kundan Gold Mines Private Limited, through a rights issue. The equity shares were allotted to the Company on November 12th, 2026.
Investment Details
- Investment Amount: ₹27,09,00,000 (Rupees Twenty-Seven Crore Nine Lakh Only)
- Form of Consideration: Cash Consideration
- Purpose: To fulfill the Company's growth strategies and support Kundan Gold Mines Private Limited's working capital and other business/operational requirements
- Impact on Shareholding: No change in shareholding percentage. The Company continues to hold 43.31% shareholding in Kundan Gold Mines Private Limited post-investment.
Target Entity Details
Name: Kundan Gold Mines Private Limited
Relationship: Associate Company
Industry: Mining
Date of Incorporation: July 5, 2021
Financial Status (as of March 31, 2026):
- Turnover: Nil
- Net Worth: (₹224.21) [negative]
Historical Turnover:
- Financial Year 2025-26: Nil
- Financial Year 2024-25: Nil
- Financial Year 2023-24: Nil
Transaction Characteristics
- Related Party Transaction: Yes, as Kundan Gold Mines Private Limited is an associate company
- Arm's Length Basis: Yes, confirmed in the disclosure
- Promoter/Promoter Group Interest: No interest from promoter/promoter group/group companies in the target entity
- Government Approvals: Not applicable
Strategic Rationale
The investment is intended to support the overall business operations and growth of Kundan Gold Mines Private Limited, enabling it to enhance its capabilities, scale its operations, and effectively meet its business requirements.