Madhav Copper Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 25, 2025
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Madhav Copper Limited held its 13th AGM on September 25, 2025, through video conferencing, starting at 4:00 PM and concluding at 4:24 PM. A total of 36 members attended, including 7 from the promoter group and 29 from the public, with all directors present. The auditors' report for FY 2024-25 was unqualified with no observations. Ten business items were tabled for shareholder approval, including adoption of the FY25 audited financial statements, re-appointment of Chairman & Whole-Time Director Mr. Nilesh Patel (who retires by rotation), appointment of statutory and secretarial auditors, ratification of cost auditors' remuneration, appointment of Mr. Dipakkumar Patel as Independent Director, and approval of material related party transactions with three group entities: Madhav Steels, Madhav Industrial Corporation, and International Metal Corporation. Voting was conducted through remote e-voting (Sept 22-24) and e-voting during the AGM, with results to be declared within 48 hours.
Shareholders should watch for the e-voting results, particularly the approval outcome of material related party transactions with Madhav Steels, Madhav Industrial Corporation, and International Metal Corporation, as these can affect governance and minority shareholder interests. The unqualified audit report and re-appointment of the existing Chairman suggest continuity in leadership and clean financial reporting for FY25.