Madhav Marbles to hold EGM on July 6 for Material Related Party Transactions
Madhav Marbles and Granites Limited will hold an EGM on July 6, 2026, to approve material related party transactions. Approvals sought include up to ₹50 Crore with Madhav Ashok Ventures, up to ₹40 Crore with Madhav Surfaces, and up to ₹10 Crore with Madhav Natural Stone Surfaces. The meeting will be held via video conference.
The approval of material related party transactions up to significant amounts (₹50 Crore, ₹40 Crore, ₹10 Crore) can have a notable impact on the company's financial dealings and relationships with its subsidiaries and associates.
The announcement is a routine procedural update regarding an upcoming shareholder meeting to approve related party transactions. It does not contain any significant positive or negative financial news.
Madhav Marbles and Granites Limited announced that its Board of Directors, in a meeting held on June 12, 2026, approved the notice for an Extra-Ordinary General Meeting (EGM). The EGM is scheduled to be held on Monday, July 06, 2026, at 11:30 AM IST through Video Conferencing (VC) / Other Audio Visual Means (OAVM).
The primary purpose of the EGM is to seek approval from the members for material related party transactions. Specifically, the company seeks approval for transactions with Madhav Ashok Ventures Private Limited (MAVPL), a subsidiary, with an aggregate outstanding amount not exceeding ₹50 Crores. Additionally, approval will be sought for material related party transactions with Madhav Surfaces (FZC) LLC (MSL), an associate of a subsidiary, with an aggregate outstanding amount not exceeding ₹40 Crores. The company also plans to seek approval for material related party transactions with Madhav Natural Stone Surfaces Private Limited (MNSSPL), a subsidiary, with an aggregate outstanding amount not exceeding ₹10 Crores.
The notice of the EGM, along with an explanatory statement detailing the material facts concerning these transactions, will be sent to members via electronic mode. The company has also made arrangements for remote e-voting, which will commence on Friday, July 03, 2026, and conclude on Sunday, July 05, 2026. Detailed instructions for shareholders on how to participate in the e-voting and attend the EGM through VC/OAVM have been provided.
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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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