Kundan Minerals to Incorporate Foreign Subsidiary in North Africa

Kundan Minerals and Metals Limited announced plans to incorporate a foreign subsidiary in North Africa, named Kundan Minerals Resources. This strategic move aims to expand the company's international presence in the exploration and mining of minerals sector. The incorporation is expected to be completed within approximately six months. The company will hold a 100% shareholding, subject to local laws. Consideration will be paid via account transfer in accordance with FEMA provisions, with shares subscribed at face value. This is not a related party transaction.