Kandal M Venture Limited — Form 6-K Summary
Filing date: October 2, 2026. The filing reports a proposed share consolidation; it does not provide financial statements or results for a reporting period.
Share consolidation
- The company will consolidate its Class A and Class B ordinary shares on a 1-for-40 basis, effective for trading at the opening of Nasdaq trading on October 13, 2026.
- Each 40 shares with a par value of US$0.00001 will become one share with a par value of US$0.0004. Fractional shares will be rounded up.
- Assuming no intervening change in shares outstanding, total ordinary shares will decrease from 19,694,940 to 492,374: Class A from 16,694,940 to 417,374 and Class B from 3,000,000 to 75,000.
- Class A shares will continue trading on Nasdaq Capital Market under ticker FMFC, with new CUSIP G5225N126.
- The company says the consolidation is intended to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing. The board approved it on August 28, 2026, and shareholders approved it on September 22, 2026.
- The filing says the consolidation affects shareholders uniformly and will not change their percentage ownership, except for adjustments arising from fractional-share treatment.
Financial performance and outlook
No revenue, profit, cash flow, margins, debt, liquidity, guidance, or other operating results are reported. The filing provides no financial outlook.
Key facts for investors to verify
- Confirm the consolidation’s effectiveness and post-consolidation share counts, which are subject to changes before effectiveness and fractional-share rounding.
- Check Nasdaq compliance status and the effective trading date, symbol, and new CUSIP.
- Review how fractional shares are handled, as rounding may cause ownership-percentage adjustments.