StockWatch
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Granites & Marbles
Board Meeting29 May 2026, 10:31 pm

Madhav Marbles: Stake Acquisition, Financial Results Approved

AI Summary

Madhav Marbles & Granites Ltd's board approved audited standalone and consolidated financial results for the year ended March 31, 2026. The auditor's report included a modified opinion. The board also approved the acquisition of an additional 40% equity stake in Madhav Ashok Ventures Private Limited, making it a wholly-owned subsidiary. Furthermore, it approved investment/financial assistance of up to ₹10 Crore to Madhav Surfaces FZC LLC and the extension of loan repayment periods for Madhav Natural Stone Surfaces Private Limited and Madhav Ashok Ventures Private Limited.

Key Highlights

  • Audited financial results for FY26 approved with modified auditor's opinion.
  • Acquisition of 40% stake in Madhav Ashok Ventures to make it a wholly-owned subsidiary.
  • Up to ₹10 Crore investment approved for Madhav Surfaces FZC LLC.
  • Loan repayment extension approved for Madhav Natural Stone Surfaces Private Limited.
  • Loan repayment extension approved for Madhav Ashok Ventures Private Limited.