MADHAVIPL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Madhav Infra Projects Limited has called its 32nd AGM on Friday, September 26, 2025 at 11:15 A.M. to be held via video conferencing. Ordinary business includes adoption of audited standalone and consolidated financial statements for FY 2024-25 and reappointment of director Shri Ashok Khurana (DIN: 00003617), who retires by rotation. Special business seeks shareholder approval to raise borrowing limits under Section 180(1)(c) up to Rs. 750 Crores, authorize loans/guarantees under Section 185 up to Rs. 500 Crores, and permit encumbrance on company assets. Shareholder approval is also sought for related party transactions with Waa Solar Limited (Rs. 150 Crores each for FY 2024-25 and FY 2025-26), Madhav Infra – M S Khurana JV (Rs. 50 Crores for FY 2024-25), and Rahatgarh Berkhedi Corridor Pvt Ltd (Rs. 100 Crores for FY 2025-26). The company proposes appointing M/s. KH & Associates as Secretarial Auditors for 5 years (FY 2025-26 to FY 2029-30) and ratifying cost auditor remuneration of Rs. 60,000 for FY 2025-26. Remote e-voting runs from September 23-25, 2025, with cut-off date of September 19, 2025.
The AGM is largely procedural, but shareholders should pay close attention to the proposed jump in the borrowing ceiling to Rs. 750 Crores and the sizeable related party transactions (totaling up to Rs. 300 Crores), which merit scrutiny on related-party pricing and the company's leverage direction before casting votes.