Kundan Minerals and Metals Limited has informed stock exchanges about potential investment opportunities in Mauritania through its foreign subsidiary. The company made the disclosure on April 7, 2026, in compliance with regulatory requirements.

Investment Discussion Details

The company's foreign subsidiary, Kundan Ventures FZCO, is currently engaged in discussions regarding potential investment opportunities in Mauritania. The investment approach involves acquisition of companies in the region.

Current Status and Regulatory Compliance

According to the company's disclosure, the matter is in an advanced stage of discussion and remains under evaluation and negotiations. The company has assured that it will make appropriate disclosures to stock exchanges in accordance with applicable regulations upon finalization of any transaction.

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's commitment to maintaining transparency with stakeholders.

Company Information

Kundan Minerals and Metals Limited, formerly known as Eastern Sugar & Industries Limited, is listed on both BSE (Scrip Code: 507528) and NSE (Symbol: KUNDANMM). The disclosure was signed by Sonica Verma, Company Secretary and Compliance Officer, ensuring proper corporate governance protocols were followed in the announcement.

Kundan Minerals and Metals Limited has announced Board approval for a strategic investment in its wholly owned subsidiary, Kundan Gold Mines Private Limited. The Board of Directors approved this investment decision at their meeting held on March 12, 2026, which commenced at 4:00 PM and concluded at 4:30 PM, as disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investment Details

The investment involves subscription to equity shares in the subsidiary to strengthen its capital base for expansion activities. The company has provided detailed disclosure following SEBI master Circular requirements:

About Kundan Gold Mines Private Limited

Kundan Gold Mines Private Limited operates as a wholly owned subsidiary of Kundan Minerals and Metals Limited, incorporated under the Companies Act, 2013. The subsidiary is engaged in the business of prospecting, exploration and mining of minerals and metals, with focus on gold, graphite and other allied minerals.

Financial Performance

The subsidiary's turnover history shows the following pattern:

Strategic Rationale and Impact

The investment aims to strengthen the capital base of Kundan Gold Mines Private Limited to support its expansion plans. According to the company disclosure, this capital infusion will enable the subsidiary to undertake its proposed business activities more effectively in the minerals and metals sector. The business activities align with the parent company's core operations in the mining industry.

Transaction Structure

As a related party transaction involving a wholly owned subsidiary, the investment is being conducted on an arm's length basis. Post subscription of 30,00,000 equity shares, Kundan Gold Mines Private Limited will continue to remain a wholly owned subsidiary of the parent company, maintaining the existing ownership structure while enhancing its financial capacity for operational expansion.