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Recent Updates — FMFC

July 30, 2026View Source ↗

Kandal M Venture Limited reported financial results for the fiscal year ended March 31, 2026. Revenue decreased slightly by 0.3% to US$17,128,067 from US$17,186,677 in the prior year. Gross profit fell 3.4% to US$3,243,017 with a margin contraction of 0.6 percentage points to 18.9%. Net income increased 12.4% to US$235,625 from US$209,673, driven by reduced interest expenses offsetting lower gross profits. The company secured growth capital in June 2026 for infrastructure expansion and completed its IPO, generating net proceeds of approximately US$8 million. Kandal M Venture Limited operates as a contract manufacturer of affordable luxury leather goods with facilities in Southeast Asia.

July 7, 2026View Source ↗

Kandal M Venture Limited postponed its extraordinary general meeting of shareholders, originally scheduled for July 9, 2026, until further notice. The board of directors determined the postponement was necessary to adjust the proposal previously set out in the notice of EGM dated June 16, 2026. The company operates in Cambodia and is a venture investment firm.

June 29, 2026View Source ↗

Kandal M Venture Limited entered into a securities purchase agreement to issue up to $25,000,000 in senior unsecured convertible promissory notes. Following an initial closing on June 5, 2026, with $1,000,000 in notes, a second closing occurred on June 25, 2026, for an additional $1,000,000. The second note bears 10% annual interest and matures on June 5, 2029, and is convertible into Class A Ordinary Shares at 105% of the principal. Kandal M Venture Limited is a company based in Cambodia and operates in the venture capital or investment management sector.

June 24, 2026View Source ↗

Kandal M Venture Limited received an extension from Nasdaq on June 23, 2026, providing an additional 180 days to regain compliance with the minimum bid price requirement of $1 per share. The company previously failed to meet Nasdaq Listing Rule 5550(a)(2) based on its closing bid price between November 6, 2025, and December 19, 2025. The new deadline to demonstrate compliance is December 21, 2026, failing which the company faces potential delisting. The company is evaluating options to meet these requirements. Kandal M Venture Limited is a Cambodian-based company.

June 16, 2026View Source ↗

Kandal M Venture Limited has issued a notice regarding an upcoming Extraordinary General Meeting of Shareholders, providing the associated proxy statement and proxy card dated June 16, 2026. The filing serves to furnish necessary documentation for the meeting to shareholders. The company is a Cambodian-based entity.

June 8, 2026View Source ↗

Kandal M Venture Limited has entered into a second sales and purchase agreement to acquire an additional 15% stake in Dumaine International Ltd for a total consideration of US$2.5 million in cash. Following the transaction, Padachi M will hold a way more significant portion of ownership in Dumchi (Wait, the text says Dumaine) is now 30% of Dumaine. This is a related party transaction approved by related parties.