AGM/EGM12 Jun 2026, 04:41 pm
Madhav Marbles to Hold EGM for Material Related Party Transactions
AI Summary
Madhav Marbles and Granites Ltd announced an Extra-Ordinary General Meeting (EGM) scheduled for July 6, 2026, at 11:30 AM IST, to be conducted via Video Conferencing. The primary agenda is to seek shareholder approval for material related party transactions with Madhav Ashok Ventures Private Limited (MAVPL), a subsidiary. The proposed transactions are subject to a cap of INR 50 Crores and must be conducted in the ordinary course of business on an arm's length basis. The Board of Directors approved the EGM notice on June 12, 2026.
Key Highlights
- EGM scheduled for July 6, 2026, to approve related party transactions.
- Transactions are with subsidiary Madhav Ashok Ventures Private Limited (MAVPL).
- Aggregate transaction limit set at INR 50 Crores.
- Transactions must be in ordinary course of business and arm's length.
- Meeting to be held via Video Conferencing/OAVM.
Price Impact
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