The company has acquired the shares of MSK Projects (I) Private Limited.
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 has acquired the entire equity capital (20,000 shares) of MSK Projects (I) Private Limited, making it a wholly owned subsidiary. MSK Projects is a construction company that, as of March 31, 2025, had no turnover or profit. The acquisition was done to execute a Letter of Acceptance received from the National Highways Authority of India (NHAI), which the company had disclosed the previous day (April 9, 2025). The cost of the deal is very small — roughly Rs. 20,000 to Rs. 2,00,000 depending on which figure in the filing is taken. The transaction has been classified as a related party transaction, meaning the acquired entity has existing links to the promoters or group.
Financially negligible given the tiny size of MSK Projects, so no immediate material impact on shareholders' wealth. However, the related party nature of the deal and the use of a new subsidiary to execute the NHAI contract are worth watching from a corporate governance standpoint.