Summary of Key Information:
Reporting Period (Quarter/Year): Not Applicable
Nature of Filing / Announcement: Notice of Extra-Ordinary General Meeting for approval of Material Related Party Transactions
Date of Board Meeting / Approval: June 12, 2026 (commenced at 3:00 PM, concluded at 4:10 PM)
Audit Opinion: Not Specified
Auditor's Comment: Not Specified
Key Financial Highlights:
Not Specified
Standalone Results:
Not Specified
Consolidated Results:
Not Specified
Segment-wise Performance:
Not Specified
Corporate Actions:
The Board has approved calling an Extra-Ordinary General Meeting to seek shareholder approval for the following material related party transactions:
Item No. 1: Approval for material related party transactions with Madhav Ashok Ventures Private Limited (MAVPL), a subsidiary of the Company
- Maximum aggregate outstanding amount: INR 50 Crores (Rupees Fifty Crores only)
- Transactions include sale & purchase of goods and raw materials, reimbursement of expenses, usage of office space, availing services for secondment of employees, providing loans, inter-corporate deposits, advances, investments and/or financial facilities (non-fund and fund based), Corporate Guarantee
Item No. 2: Approval for material related party transactions with Madhav Surfaces (FZC) LLC (MSL), associate of the Subsidiary of the Company
- Maximum aggregate outstanding amount: INR 40 Crores (Indian Rupees Forty Crores only)
- Transactions include purchase and sale of goods and raw material; providing financial assistance by way of loan/securities/other debt instruments and investments; providing assistance in procurement of raw material
Item No. 3: Approval for material related party transactions with Madhav Natural Stone Surfaces Private Limited (MNSSPL), a subsidiary of the Company
- Maximum aggregate outstanding amount: INR 10 Crores (Rupees Ten Crores only)
- Transactions include providing financial assistance by way of loan/securities/other debt instruments including corporate guarantee; usage of office space; and investment in shares and securities; providing assistance in business operations
Other Significant Information:
Transaction Justification: The Transactions will enable the Related Parties smoothen their business operations, cater to their respective business requirements, sourcing and/or supply finished goods to the market at an advantage as well as to ensure consistent flow of desired quality and quantity of RM, goods, services and facilities without interruptions
Source of Funds: Internal accruals
Security: Unsecured
Tenure: One Year
Corporate Guarantee Outstanding: ₹1805.67 lakhs