MADHUCON PROJECTS LTD.-$

Madhucon Projects Ltd has announced the closure of its trading window for all directors, key managerial personnel, and designated persons. This closure is effective from July 1, 2026, and will remain in effect until 48 hours after the declaration of the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company will announce the date of the board meeting to consider these financial results in due course. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's code of conduct.

Madhucon Projects Ltd. announced its Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026. The Board of Directors approved these results at a meeting held on May 28, 2026. However, the Statutory Auditors, M/s P. Murali & Co., issued a modified opinion on the Auditor's Reports. The basis for this qualified opinion stems from concerns regarding the carrying value of equity investments (₹36,657.07 lakhs) and other investments (₹6,426.85 lakhs) in subsidiaries and other companies. Several of these entities are incurring losses, and some subsidiaries, including Madhucon Infra Limited, have fully or substantially eroded net worth, affecting their going concern status. The auditors were unable to ascertain the requirement for impairment provisions due to the absence of fair valuation. The company has written off ₹7,637.67 lakhs (6.25%) and ₹30,550.68 lakhs (25%) of its investment in Madhucon Infra Limited for the quarter and year ended March 31, 2026, respectively.

Madhucon Projects Ltd. has adjourned its Board of Directors meeting, initially held on May 25, 2026, to May 28, 2026. The meeting will focus on considering and approving the audited standalone and consolidated financial results in IND-AS format for the quarter and year ended March 31, 2026. The company will disclose the audited financial results to the stock exchanges following board approval. The trading window for dealing in the company's securities, which has been closed since April 1, 2026, will reopen 48 hours after the announcement of the results.

Madhucon Projects Ltd has scheduled a Board of Directors meeting on May 25, 2026, to consider and approve the audited standalone and consolidated financial results in IND-AS format for the quarter and year ended March 31, 2026. The meeting will also include a review of the auditor's report for the financial year 2025-26. The trading window for dealing in the company's securities has been closed from April 1, 2026, and will reopen 48 hours after the announcement of the results to the stock exchanges.

Madhucon Projects Ltd. has disclosed defaults on payment of interest and repayment of principal amount on loans to banks and financial institutions for the quarter ended 31st March, 2026. The total default amount stands at Rs. 31.44 Crore, with no outstanding borrowings from banks or financial institutions. However, the total financial indebtedness of the listed entity, including short-term and long-term debt, is Rs. 143.10 Crore. The default is specific to loans from Punjab National Bank and OBC, secured by Madhucon Projects Limited.

Madhucon Projects Ltd. has submitted intimation for the closure of the trading window, effective from 1st April 2026 till 48 hours after the declaration of Audited Financial Results for the fourth quarter and year ended 31st March 2026. This decision is in accordance with the Code of Conduct for prevention of Insider Trading, as per the SEBI (Prohibition of Insider Trading) (Amendment) Regulation, 2019. The date of the Board meeting for the consideration of Audited Standalone and Consolidated Financial Results of the Company for the Fourth Quarter and year ended 31st March 2026 will be intimated in due course.

Madhucon Projects Ltd announced the resignation of Director Mr. Samba Siva Rao (DIN: 09526475) due to health issues. The resignation was approved by the Board of Directors through its Circular Agenda No. 100/2025-26 dated 14 March, 2026. The company made the announcement within 24 hours of receiving the resignation, albeit a day late due to the resignation being under process and the company's office being closed on Sunday. Mr. Samba Siva Rao is not holding any other directorships in other listed entities and confirmed that there is no other material reasons for his resignation other than those provided under Regulation 30 of SEBI (LODR) Regulations, 2015.

Madhucon Projects Ltd announced the resignation of Mr. Samba Siva Rao Jasty from the position of Directorship-F&A. The resignation was due to health issues and personal reasons. The Board of Directors noted, accepted, and approved his resignation by passing a resolution through its Circular Agenda No. 100/2025-26 dated 14 March, 2026. The resignation is effective from 20 February, 2026.

Madhucon Projects Ltd. has approved the Un-Audited Standalone and Consolidated Financial Results for the quarter and nine months ended 31st December 2025. The company's revenue from operations stands at ₹ 11,747.35 lakhs for the quarter and ₹ 36,029.96 lakhs for the nine months ended 31st December 2025. The total expenses for the quarter are ₹ 22,964.36 lakhs and ₹ 33,470.08 lakhs for the nine months ended 31st December 2025. The profit before exceptional items and tax for the quarter is ₹ 831.28 lakhs and ₹ 1,459.99 lakhs for the nine months ended 31st December 2025. The total comprehensive income attributable to shareholders of the parent company for the quarter is ₹ 1,022.64 lakhs and ₹ (2,096.53) lakhs for the nine months ended 31st December 2025.

Madhucon Projects Ltd. has approved the Un-Audited Standalone and Consolidated Financial Results for the quarter and nine months ended 31st December 2025. The company's revenue from operations stands at 11,747.35 lakhs for the quarter and 36,029.96 lakhs for the nine months ended 31st December 2025. The company has reported a profit before tax of 831.28 lakhs for the quarter. The company has written off investments in subsidiaries Madhucon Infra Limited and Madurai Tuticorin Expressways Limited.