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Eastern Sugar & Industries predominantly operates in the Sugar and Confectionery Production sector. The company`s main activity is to manufacture white crystal sugar and molasses.
KundanMM's subsidiary acquired 99% stake in West Africa Exploration & Mining, Mauritania, a mining company, for 99,000 MRU in cash. This strategic move expands the company's international presence in the mineral sector.
Kundan Minerals' foreign subsidiary acquires an 80% stake in Compania Minera EL Desquite De Colombia S.A.S. for USD 1,100,000. This makes it a step-down subsidiary, expanding Kundan's mineral operations.
Kundan Minerals and Metals' 58th AGM was adjourned due to lack of quorum. The meeting will now take place next week to approve FY25 financial statements, re-appoint directors, and appoint new secretarial auditors.
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Kundan Minerals and Metals has announced a board meeting on appointing M/s Bhambri & Associates as the Secretarial Auditor for FY 2024-25. The new auditor will handle corporate compliance and board/shareholder documentation. This introduces an independent external firm with no ties to current directors. No financial or operational impact noted.