Kundan Minerals Subsidiary Allots 39.39 Lakh CCDs

Kundan Minerals subsidiary KGMPL allotted 39.39 lakh compulsory convertible debentures on March 30, 2026.
The CCD conversion on May 20, 2026 changed KGMPL's status from subsidiary to associate company.
Another subsidiary, Kundan Minerals Care, also became an associate company due to this transaction.
KGMPL reported a negative net worth of ₹43.68 lakh as of March 31, 2025 audited financials.