Outcome of the 32nd Annual General Meeting (AGM) of the Company.
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 held its 32nd AGM on September 26, 2025, via video conferencing, chaired by Managing Director Amit Khurana and attended by four directors and the CFO. Ordinary business included adoption of the audited standalone and consolidated financial statements for FY ending March 31, 2025, and the reappointment of Ashok M. Khurana as a director (retiring by rotation). On the special business side, shareholders considered resolutions to raise the company's borrowing limits under Section 180(1)(c), permit encumbrance on company property for raising external funds, and ratify loans and guarantees under Section 185. Three separate related-party transaction resolutions were taken covering Waa Solar Limited, Madhav Infra – M S Khurana JV, and Rahatgarh Berkhedi Corridor Private Limited. KH & Associates was also appointed as Secretarial Auditor for five years (FY2025-26 to FY2029-30), and the cost auditors' remuneration was ratified. The meeting concluded at 12:03 PM; voting results from the scrutinizer are awaited and will be filed separately with BSE.
The approval to raise borrowing limits and pledge company property suggests Madhav Infra may be planning to take on more debt or raise new external funding — investors should watch for future fundraising or expansion announcements. The multiple related-party transaction approvals indicate continued business ties with group entities (Waa Solar, the M S Khurana JV, and Rahatgarh Berkhedi Corridor), which is worth monitoring for any governance concerns.