Quarterly Result29 May 2026, 10:41 pm
Madhav Marbles: Audited Results, Stake Acquisition & Investment
AI Summary
Madhav Marbles & Granites Ltd approved audited standalone and consolidated financial results for the year ended March 31, 2026. The auditor's report had a modified opinion. The company approved the acquisition of an additional 40% equity stake in Madhav Ashok Ventures Private Limited, making it a wholly-owned subsidiary. Additionally, it approved investment/financial assistance up to ₹10 Crore in Madhav Surfaces FZC LLC and the extension of loan repayment periods for Madhav Natural Stone Surfaces and Madhav Ashok Ventures.
Key Highlights
- Audited standalone and consolidated financial results for FY26 approved with modified auditor opinion.
- Acquisition of 40% stake in Madhav Ashok Ventures to make it a wholly-owned subsidiary.
- Investment/financial assistance up to ₹10 Crore approved for Madhav Surfaces FZC LLC.
- Loan repayment period extended for Madhav Natural Stone Surfaces Private Limited.
- Loan repayment period extended for Madhav Ashok Ventures Private Limited for two years.