Kandal M Venture Limited Form 6-K Filing
This Form 6-K report details two significant events for Kandal M Venture Limited as of September 25, 2026. Firstly, the termination of a prior sales and purchase agreement concerning the acquisition of 15% of Dumaine's share capital. This termination was mutually agreed upon by Padachi M Venture Limited, Mr. Miao Duncan, and Mr. Miao Tai Wai, David. Secondly, Padachi M Venture Limited, a subsidiary of Kandal M Venture Limited, entered into a convertible bond purchase agreement with Dumaine. Under this agreement, Dumaine will sell and issue $2.5 million in senior unsecured convertible bonds to Padachi M Venture Limited. These bonds accrue interest at 6% per annum, payable semi-annually, and are due five years from the issuance date. The transaction is considered a related party transaction, involving a director and the chairman of the board, and has been approved by the board of directors and audit committee. Dumaine International Ltd is an investment holding company based in the British Virgin Islands, with subsidiaries engaged in luxury handbag manufacturing.