Madhav Marbles Shareholders Approve Loan and Guarantee Resolution
Madhav Marbles and Granites Limited shareholders approved a special resolution for giving loans and guarantees under Section 185 of the Companies Act, 2013. The resolution passed with 99.9951% of polled votes in favour.
The approval of a resolution related to loans and guarantees can have a significant financial impact on the company, depending on the scale of the transactions involved.
The resolution was passed, indicating shareholder approval for the company's proposed financial actions, which is a positive outcome.
Madhav Marbles and Granites Limited announced the results of a shareholder meeting where a special resolution was considered. The resolution pertained to "Giving Loan and Guarantee or providing Security in connection with Loan availed by any specified person under Section 185 of the Companies Act, 2013".
The voting details indicate a total of 8,947,000 shares were considered. Out of these, 4,883,485 shares were from Public - Non Institutions, 52,570 shares from Public Institutions, and 4,010,945 shares from Promoter and Promoter Group.
The voting outcome showed that the special resolution was passed. A total of 774,366 votes were polled, representing 8.6550% of the outstanding shares. Of the votes polled, 774,328 votes (99.9951%) were in favour of the resolution, and 38 votes (0.0049%) were against it. Neither the promoter nor the promoter group were interested in the agenda/resolution. All votes cast were valid, with no invalid votes recorded.
What to do with a filing like this
Madhav Marbles and Granites Limited filed this with the NSE as a statutory disclosure, categorised under shareholder meetings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Madhav Marbles and Granites Limited. Read the original for the full detail.