Madhav Marbles Announces 37th AGM on Sep 30, 2026; Approves Director Reappointments and RPTs
Madhav Marbles will hold its 37th AGM on September 30, 2026. The meeting will cover the adoption of FY26 financial statements and re-appointments of directors including CEO Madhav Doshi and Whole Time Director Riddhima Doshi. Approvals for related party transactions with MAVPL (INR 45 Cr), MSL (INR 55 Cr), and MNSSPL (INR 8 Cr) are also on the agenda.
The AGM agenda includes several significant items such as director reappointments, approval of financial statements, and material related party transactions. These decisions have a direct impact on the company's governance, strategic direction, and financial dealings.
The announcement is a routine corporate event (AGM notice) with several standard business resolutions, including director reappointments and related party transactions. While these are important for governance, they do not indicate a significant positive or negative shift in the company's immediate performance or outlook.
Madhav Marbles and Granites Limited has issued a notice regarding its 37th Annual General Meeting (AGM) scheduled for Wednesday, September 30, 2026, at 11:30 a.m. IST. The meeting will be conducted through Video Conferencing/Other Audio Visual Means. The company has also enclosed its Annual Report for the Financial Year 2025-26.
During the AGM, several key resolutions will be considered, including the re-appointment of Mr. Devendra Manchanda as a Non-Executive, Independent Director for a second term of 3 years from November 1, 2026. Additionally, Mrs. Riddhima Doshi is proposed for re-appointment as a Director (Whole Time Director) liable to retire by rotation, and Mr. Madhav Doshi is proposed for re-appointment as CEO and Managing Director for a further period of 3 years from May 1, 2027. Mr. Arumugam Sivadasan and Mr. Pachampet Yegnaswamy Venkataraman are also slated for re-appointment as Non-Executive, Independent Directors for second terms.
The company will also seek approval for material related party transactions with Madhav Ashok Ventures Private Limited (up to INR 45 Crores), Madhav Surfaces (FZC) LLC (up to INR 55 Crores), and Madhav Natural Stone Surfaces Private Limited (up to INR 8 Crores). These approvals will supersede previous resolutions passed on July 06, 2026. Furthermore, resolutions to authorize the Board to provide loans and investments exceeding the statutory ceiling under Section 186 of the Companies Act, up to INR 200 Crores, and to avail unsecured funding facilities from Mr. Madhav Doshi, not exceeding INR 3 Crores, will be presented. The audited standalone and consolidated financial statements for the year ended March 31, 2026, will also be considered and adopted.
A plain-language summary of a public exchange filing by Madhav Marbles and Granites Limited. Read the original for the full detail.
