Business Update11 Feb 2026, 03:01 pm
Madhav Marbles & Granites Ltd: Board Approves Capital Increase & Wind Generator Sale
AI Summary
Madhav Marbles & Granites Ltd held a board meeting on February 11, 2026, where they approved several key decisions. The Board agreed to increase the paid-up capital of Madhav Ashok Ventures Private Limited, a subsidiary company, from INR 3.60 Crores to INR 5 Crores. Additionally, the company approved the sale of two Wind Electric Generators located at Village Balapathiraramapuram, Tirunelveli District, Tamil Nadu along with associated assets and agreements. Designated directors and officials were authorized to identify the buyer, negotiate terms, finalize the sale, and undertake necessary compliances.
Key Highlights
- Board approved increase of paid-up capital of Madhav Ashok Ventures Private Limited from INR 3.60 Crores to INR 5 Crores
- Company approved sale of two Wind Electric Generators and associated assets in Tamil Nadu