On April 21, 2025, Kachchh Minerals Limited, a prominent company based in Mumbai, announced the upcoming Board Meeting scheduled for April 24, 2025. The meeting will be held at the company’s registered office and will focus on approving a proposal to issue and allot equity shares to the shareholders of Rajhans Procon Private Limited (RPPL). This will be done on a preferential basis, in exchange for the discharge of the entire purchase consideration, which will be determined according to the SEBI ICDR Regulations 2018.

This decision will be based on the terms and conditions that the Board of Directors will approve during the meeting, subject to the approval of shareholders in the extraordinary general meeting (EGM) of the company, which will be convened at a later date.

The Board will review the specific details of this proposal, including the share swap arrangement and the amount of consideration that will be exchanged, in line with the regulatory framework set by the Securities and Exchange Board of India (SEBI). This step will allow Kachchh Minerals to complete a strategic transaction with Rajhans Procon, a move that is likely to impact both companies and their future growth.

Furthermore, Kachchh Minerals Ltd. has taken steps to ensure compliance with SEBI’s Trading Window Closure regulations. All directors, designated persons, and connected persons have been notified not to trade in the company’s securities during the period leading up to the meeting. This ensures that all individuals with access to sensitive information are adhering to regulatory guidelines and protecting the integrity of the market.

The outcome of this meeting will be a significant step in Kachchh Minerals Ltd.'s efforts to expand its shareholder base and execute corporate restructuring in accordance with the regulatory requirements. The company’s commitment to transparency and adherence to Listing Obligations is evident in this disclosure, reflecting its dedication to keeping all stakeholders informed of key developments.

This announcement follows the company’s previous updates and marks another milestone in its ongoing efforts to strengthen its position in the market. The final decision, following shareholder approval at the EGM, will determine the exact nature and structure of the equity issuance and its subsequent impact on the company’s operations and financial position.

Kachchh Minerals Ltd. continues to make strides in its corporate strategy, ensuring compliance with all applicable regulations while seeking new avenues for growth. The board’s deliberations on April 24, 2025, will be pivotal in shaping the future of the company and its ongoing commitment to delivering value to its stakeholders.

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