Madhucon Projects Limited reported a widened consolidated net loss of ₹916.11 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹4,591.04 lakh in the previous year. The company's standalone performance for the year turned profitable with a net profit of ₹1,355.50 lakh, a reversal from the net loss of ₹173.41 lakh recorded in FY25. The audited standalone and consolidated financial results were approved by the board and published in newspapers on May 29, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

For the quarter ended March 31, 2026, the company reported a standalone net profit of ₹81.59 lakh, while the consolidated entity posted a net loss of ₹916.11 lakh. Total income from operations for the consolidated entity stood at ₹17,353.71 lakh for the year, down from ₹75,144.88 lakh in the previous year. On a standalone basis, total income from operations was ₹1,27,850.16 lakh for FY26.

The board meeting to consider and approve the audited financial results was originally scheduled for May 25, 2026, but was adjourned to May 28, 2026, to complete the remaining agenda items. The trading window for dealing in the securities of the company remains closed for all directors, officers, and designated employees until 48 hours after the results are intimated to the exchanges.

Financial Performance Summary

The intimation regarding the publication of results was submitted to the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on May 29, 2026. The company's BSE scrip code is 531497 and the NSE scrip code is MADHUCON.

Madhucon Projects Limited accepted the resignation of Independent Director Mr. Ramadas Kasarneni effective May 25, 2026, following a Board meeting held on the same date. The resignation was approved based on the recommendation of the Nomination and Remuneration Committee. Mr. Kasarneni stepped down due to personal reasons and pre-occupations, confirming there were no other material reasons for his departure.

Board Approval and Compliance

The Board of Directors approved the resignation during the 615th Board Meeting held at the corporate office in Hyderabad. The acceptance was formalized through a resolution that also placed on record the Board's appreciation for Mr. Kasarneni's contributions, advice, and suggestions during his tenure. The company has authorized a director to file the requisite Form DIR-12 with the Ministry of Corporate Affairs and the Registrar of Companies, Hyderabad, to complete necessary compliances.

Director Details and Confirmation

Mr. Ramadas Kasarneni, holding DIN 02182093, is not holding any other directorships in other listed entities. In his resignation letter, he expressed gratitude to the Board and Management for their support and cooperation. The disclosure was made in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015, and Para A, Part A of Schedule III.