Kandal M Venture holds shareholder meeting, backs 1-for-40 share consolidation proposal
FMFC•Kandal M Venture said shareholders approved a 40-for-1 share consolidation at an extraordinary meeting on Sept. 22, 2026, with an effective date to be set by the board no later than Oct. 13.
1. Shareholders approve consolidation
Shareholders adopted a resolution authorizing a 40-for-1 share consolidation, with the effective date to be set by the board no later than Oct. 13, 2026. The resolution also authorizes rounding fractional entitlements up to whole shares and empowers directors to complete related actions, including canceling old share certificates and issuing new ones.
