Madhav Marbles to hold EGM on July 6, 2026, for Material Related Party Transactions
Madhav Marbles and Granites Limited will hold an Extra-Ordinary General Meeting (EGM) on July 6, 2026, via Video Conferencing. The EGM aims to approve material related party transactions: up to ₹50 Crore with Madhav Ashok Ventures, up to ₹40 Crore with Madhav Surfaces (FZC) LLC, and up to ₹10 Crore with Madhav Natural Stone Surfaces.
Approving related party transactions up to significant amounts (₹50 Crore, ₹40 Crore, ₹10 Crore) can have a material impact on the company's financial dealings and relationships with its subsidiaries and associates, requiring shareholder approval.
The announcement details the upcoming EGM for approving related party transactions, which is a routine corporate governance procedure. There are no immediate positive or negative financial implications mentioned.
Madhav Marbles and Granites Limited announced the outcome of its Board Meeting held on June 12, 2026. The Board approved the Notice for convening an Extra-Ordinary General Meeting (EGM) to be held on Monday, July 06, 2026, at 11:30 A.M. IST through Video Conferencing (VC) / Other Audio Visual Means (OAVM).
The primary purpose of the EGM is to seek approval from the Company's Members for material related party transactions. These transactions include:
* Approving material related party transactions with Madhav Ashok Ventures Private Limited, a subsidiary, with an aggregate outstanding amount not exceeding ₹50 Crores. * Approving material related party transactions with Madhav Surfaces (FZC) LLC, an associate of a subsidiary, with an aggregate outstanding amount not exceeding ₹40 Crores. * Approving material related party transactions with Madhav Natural Stone Surfaces Private Limited, a subsidiary, with an aggregate outstanding amount not exceeding ₹10 Crores.
The Notice of the EGM, along with an explanatory statement detailing these transactions, will be sent electronically to members whose email addresses are registered with the Company. It will also be available on the company's website, www.madhavmarbles.com.
The EGM will be conducted in accordance with the relevant circulars issued by the Ministry of Corporate Affairs and SEBI, allowing for VC/OAVM participation. Members will have the facility for remote e-voting from July 03, 2026, to July 05, 2026, and also during the EGM.
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Madhav Marbles and Granites Limited filed this with the NSE as a statutory disclosure, categorised under egm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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