Madhav Marbles and Granites Ltd (MADHAV) — Board Meeting | 6 September 2026

Madhav Marbles and Granites held its 37th AGM on September 30, 2026, approving key governance and financial matters. Shareholders re-elected Independent Directors Devendra Manchanda, Arumugam Sivadasan, and Pachampet Yegnaswamy Venkataraman for second terms. The meeting adopted audited standalone and consolidated financial statements for FY 2025-26, showing revenue of INR 399.01 million and net profit of INR 1.38 million. Special resolutions authorized re-appointments of Whole-time Directors Madhav Doshi and Riddhima Doshi for three-year terms starting 2027, with remuneration flexibility. The Board gained authority to approve material related party transactions up to INR 45 crores with Madhav Surfaces FZC LLC, superseding prior EGM approvals. The AGM emphasized resilience, operational efficiency, and cautious optimism amid market uncertainty.