Nature of the Disclosure

This is a regulatory filing by Madhav Infra Projects Limited to BSE Limited, submitted pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It discloses the outcomes of the Board of Directors meeting held on July 30, 2026.

Key Quantitative Figures and Financial Results

The Board considered and approved the Standalone and Consolidated Unaudited Financial Results for the quarter ended June 30, 2026 (Q1 FY27).

Standalone Financial Highlights (₹ in Lakhs):

  • Revenue from Operations: ₹8,444.27
  • Total Income: ₹8,724.08
  • Profit Before Tax (PBT): ₹897.73
  • Tax Expense: ₹450.36 (Current Tax: ₹149.86; Deferred Tax: ₹36.99; Earlier years' Tax: ₹263.51)
  • Profit After Tax (PAT): ₹447.37
  • Paid-up Equity Share Capital: ₹2,695.82 (Face value ₹1 per share)
  • Basic Earnings Per Share (EPS): ₹0.17

Consolidated Financial Highlights (₹ in Lakhs):

  • Revenue from Operations: ₹8,754.37
  • Total Income: ₹9,037.99
  • Profit Before Tax (PBT): ₹1,651.38
  • Tax Expense: ₹606.23 (Current Tax: ₹461.22; Earlier years' Tax: ₹145.03)
  • Profit After Tax (PAT): ₹1,045.15
  • Paid-up Equity Share Capital: ₹2,695.82 (Face value ₹1 per share)
  • Basic Earnings Per Share (EPS): ₹0.39

Dates of Action

  • Board Meeting Date: July 30, 2026 (Commenced at 3:00 PM, concluded at 5:30 PM)
  • Period of Financial Results: Quarter ended June 30, 2026
  • Appointment Effective Date: July 30, 2026
  • Review Report Date: July 30, 2026

Parties Involved

  • Stock Exchange: BSE Limited
  • Statutory Auditors: M/s Shah & Kadam, Chartered Accountants
  • New Appointee: Ms. Ishwari Hanumantsinh Sindha

Purpose and Rationale

The purpose of the board meeting was to review and approve the quarterly financial results, appoint a key managerial personnel, and approve the draft notice for the upcoming AGM as part of standard corporate governance and regulatory compliance.

Financial and Operational Impact

The financial impact is quantified in the results above. The appointment of a new Compliance Officer is an operational change to ensure continued regulatory compliance.

Capital Structure Impact

No change in the paid-up equity share capital was reported for the quarter. The capital structure remains unchanged at ₹2,695.82 Lakhs.

Auditor's Review and Qualifications

The statutory auditors, Shah & Kadam, issued a limited review report on both the standalone and consolidated results. They drew attention to Note No. 4 regarding the "non-ascertainment & non-provision of Deferred Tax Liability as per Ind AS 12 Income Taxes." The company's note states that "Provision of Deferred Tax Liabilities/ Assets shall be made at the end of the Year."

The review report also details reliance on the unaudited financials of 15 subsidiaries, 1 associate, and 6 joint ventures for the consolidated results, as these were not reviewed by the auditor.

Other Approvals

  • The draft notice for the 33rd Annual General Meeting (AGM) was approved. The Managing Director, CFO, and Company Secretary were authorized to finalize the day, date, time, venue/mode, cut-off date, and book closure date for the AGM.
  • The board also took on record "other approvals related to and required in the normal course of business."