Madhucon Projects Limited has informed the Exchange regarding Proceedings of undefined held on September 26, 2025. Further, the company has submitted the Exchange a copy of Srutinizers report along with copy of minutes.
MADHUCON · price
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Madhucon Projects Limited held its 35th Annual General Meeting on September 26, 2025, at 3:00 PM at the registered office in Khammam, Telangana. 87 members attended, with 40 voting via poll and 47 voting through e-voting, totaling 34,662,005 valid votes. All seven resolutions were passed with overwhelming shareholder approval (over 99.99% in favor), including adoption of FY25 annual accounts, re-appointment of Mr. Mohammad Shafi, ratification of Mr. Sambasiva Rao Jasty as Additional Director and Mr. Turlapati Venkata Sundara Jawaharlal Nehru as Independent Director, appointment of Cost Auditor for FY26, appointment of Secretarial Auditor for 5 years (FY 2025-26 to 2029-30), and approval for non-provision of interest on working capital and unsecured loans. The scrutinizer was Ms. Vendra Madhumita, Practicing Company Secretary, and the meeting concluded at 3:40 PM.
The near-unanimous approval of all resolutions, including auditor appointments and a notable resolution on non-provision of interest on company loans, suggests stable shareholder support but may raise concerns about the company's loan servicing and related-party financial practices worth monitoring.