MADHAV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Madhav Marbles & Granites Ltd held its 1st Extra-Ordinary General Meeting (EGM) for FY 2026-27 on Monday, July 6, 2026, from 11:35 AM to 11:50 AM via video conferencing. 56 members attended the meeting, chaired by Independent Director Mr. Devendra Manchanda. Three ordinary resolutions were passed, all seeking shareholder approval for material related party transactions with Madhav Ashok Ventures Private Limited, Madhav Surfaces (FZC) LLC, and Madhav Natural Stone Surfaces Private Limited. Promoter/promoter group held 4,010,945 shares (about 44.8% of the 8,947,000 total) but abstained from voting as they were interested parties. Only 35,083 shares (0.39% of outstanding) were polled, all from public non-institutions, and every single vote was in favor (100%). Scrutinizer Dr. CS Ronak Jhuthawat confirmed all three resolutions were passed with the requisite majority.
Shareholders have approved material related party transactions with three promoter-linked entities, clearing the way for the company to proceed with these deals. The very low voting turnout (0.39%) and 100% favorable vote reflect that the few public shareholders who participated were supportive, while promoter abstention is standard procedure for related-party resolutions.