Madhucon Projects Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 26, 2025 along with a copy of minutes.
MADHUCON · price
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Madhucon Projects Limited held its 35th AGM on September 26, 2025 at its registered office in Khammam, chaired by Independent Director Mr. Ramadas Kasarneni. The meeting lasted 40 minutes (3:00 PM to 3:40 PM) and all resolutions were passed with the requisite majority. Key business approved included adoption of audited standalone and consolidated financial statements for FY ending March 31, 2025, re-appointment of Mr. Mohammad Shafi as director, and ratification of Mr. Sambasiva Rao Jasty as Director-Finance & Accounts. A new Non-Executive Independent Director, Mr. Turlapati Venkata Sundara Jawaharlal Nehru, was appointed for a 5-year term through August 2030. V. Madhumita & Associates was appointed as Secretarial Auditor for FY 2025-26 to 2029-30, and remuneration to Cost Auditor AS RAO & Co. was ratified. Notably, the company mentioned that auditor reports contained qualifications or observations, and shareholders approved non-provision of interest on working capital and unsecured loans.
Routine procedural filing with no immediate stock-moving impact, but the reference to auditor qualifications and approval of non-provision of interest on loans may raise concerns about the company's financial reporting quality and cash flow position. Shareholders should watch for the detailed voting results and scrutinizer's report for context on the auditor qualifications.