33rd AGM: Financials adopted, borrowing limit hike and related party deals approved
MADHAVIPL · price
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Madhav Infra Projects held its 33rd AGM on 30 Sep 2026 via video conferencing. Shareholders adopted audited standalone and consolidated financial statements for FY ending March 2026 and reappointed Ashok Khurana as director. Special business approved includes higher borrowing limits under Section 180(1)(c), permission to encumber company property for borrowings, ratification of cost auditor remuneration, continuation of independent director Shankar Prasad Bhagat past age 75, and related party transactions with Waa Solar and Rahatgarh Berkhedi Corridor. E-voting results to be released separately.
Routine AGM outcomes. Higher borrowing limit and property encumbrance approval may point to upcoming expansion or debt raise. Watch related party deals with Waa Solar.