Madhav Marbles and Granites Limited has issued a revised intimation regarding its board meeting, now scheduled for Friday, April 17, 2026, to address important corporate governance matters. The company formally notified both the Bombay Stock Exchange and National Stock Exchange of India on April 13, 2026, regarding the updated board meeting schedule.

Meeting Agenda

The board of directors will consider two significant proposals during the rescheduled meeting:

Subsidiary Loan Considerations

The madhav marble & granites board will evaluate the continuation and renewal of financial assistance provided to its subsidiary companies. This review represents part of the company's ongoing assessment of inter-company financial arrangements and subsidiary support mechanisms.

Registered Office Relocation Proposal

The board will also deliberate on a proposal to shift the company's registered office. The current registered office is located at First Floor, "Mumal Towers", 16, Saheli Marg, Udaipur, Rajasthan 313 001. Any decision regarding office relocation would require board approval and subsequent regulatory compliance procedures.

Regulatory Compliance

The revised meeting notification was issued in accordance with Regulation 29 requirements, ensuring proper disclosure to stock exchanges and stakeholders. Company Secretary Priyanka Manawat signed the official communication, which was digitally authenticated on April 13, 2026.

Company Information

Madhav Marbles and Granites Limited operates under CIN L14101RJ1989PLC004903 and maintains listings on both BSE and NSE. The company's investor relations can be contacted at investor.relations@madhavmarbles.com , with additional information available on their website www.madhavmarbles.com .

Madhav Marbles and Granites Limited has successfully concluded its board meeting held on March 25, 2026, with the approval of acquiring an additional 18.01% equity stake in its subsidiary company. The meeting, which commenced at 15:30 p.m. and concluded at 17:10 p.m., addressed the previously scheduled agenda regarding related party transactions.

Board Meeting Outcome

The Board of Directors has approved the acquisition of an additional 18.01% equity stake in Madhav Natural Stone Surfaces Private Limited (MNSSPL), an existing subsidiary of the company. This strategic decision will increase the company's shareholding from 81.99% to 100%, thereby making MNSSPL a wholly owned subsidiary.

Strategic Business Diversification

The acquisition aligns with the company's revised business strategy to diversify into the real estate sector. MNSSPL was originally incorporated on September 16, 2018, to set up an Engineered Stone Manufacturing Unit at Udaipur, Rajasthan, but the project could not materialize. The subsidiary will now act as a dedicated vehicle for the proposed real estate project.

Regulatory Compliance and Approvals

The proposed investment falls within related party transactions as MNSSPL is a subsidiary of the company. The company has obtained prior approval from the Audit Committee, ensuring the transaction is conducted on an arm's length basis. The acquisition is subject to execution of definitive agreements and necessary approvals.

Promoter group members Mr. Madhav Doshi and Mrs. Riddhima Doshi, who serve as Executive Directors, are also Directors in the subsidiary company, indicating promoter group interest in the transaction.

Future Business Objectives

The company intends to execute real estate projects on land owned by the subsidiary, leveraging existing land assets for focused execution, operational efficiency, and long-term value creation. The pricing for the share subscription will be determined based on the valuation of MNSSPL.

The notification was communicated to BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 of the Listing Regulations, and was digitally signed by Company Secretary Priyanka Manawat.