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, which must be in the ordinary course of business and at arm's length, are capped at an aggregate outstanding amount of INR 50 Crores. The Board of Directors has approved the notice for this EGM, which will be sent electronically to shareholders and made available on the company's website.
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 at arm's length.
- EGM will be held via Video Conferencing/OAVM.
Price Impact
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