Notice of Postal Ballot enclosed herewith

Madhav Infra Projects Limited has issued a Postal Ballot Notice dated April 15, 2025, seeking shareholder approval for one special resolution: regularization of Mr. Nikhil Kaushik (DIN: 00040403) as Non-Executive Independent Director for a 5-year term effective February 3, 2025. Mr. Kaushik was initially appointed as an Additional (Independent) Director by the Board on February 3, 2025, and now requires shareholder confirmation. He holds an MBA from ISB Hyderabad and an MS from Texas A&M University, with over 20 years of experience across finance, pharma, and engineering sectors at firms like Citibank, GE, and Pfizer. He holds no shares in the company and will receive only sitting fees. E-voting runs from April 16, 2025 (9:00 AM) to May 15, 2025 (5:00 PM), with CS Haresh Kapuriya appointed as scrutinizer.