Outcome of Board Meeting, for Board Meeting held today i.e., May 29, 2026, is attached herewith.
MADHAVIPL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Madhav Infra Projects Ltd board meeting held on May 29, 2026 approved the standalone and consolidated audited financial results for Q4 and FY 2025-26 ending March 31, 2026. The board also re-appointed M/s JHS and Associates LLP as Internal Auditor and M/s Kiran J Mehta & Co. as Cost Auditor for FY 2026-27. Notably, Company Secretary and Compliance Officer Ms. Khushbu Prajapati resigned with immediate effect (letter dated May 12, 2026), citing unjustified salary deductions for approved leaves. The company clarified that deductions were made because her leave balance was insufficient, and excess leave was treated as Leave Without Pay under company policy. The meeting lasted from 3:00 PM to 7:00 PM.
The resignation of the Company Secretary may raise governance concerns as it follows a dispute over salary deductions. The appointment of new auditors is routine. Financial results approval is positive but details of actual numbers are not in this filing.