Kandal M Venture shares surge 11.58% after-hours as SEC comments addressed in 20-F/A amendment.

Kandal M Venture surged 11.58% in after-hours trading following the filing of Amendment No. 1 to its Annual Report on Form 20-F/A, addressing SEC comments on disclosure controls and procedures. The update, required under Item 15(a) of Form 20-F, included revised certifications from the CEO and CFO under the Sarbanes-Oxley Act, resolving prior regulatory feedback without altering financial statements or other disclosures. The move signals compliance with SEC requirements, likely alleviating concerns over governance practices and restoring investor confidence in the company’s adherence to reporting standards.