Madhucon Projects Limited has adjourned its board meeting to May 28, 2026, to approve the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The meeting was originally convened on May 25, 2026, but the Chairman, with the consent of all directors present, decided to defer the proceedings to complete the remaining agenda items.

The board will consider the audited financial results in IND-AS format. Once approved, the results will be submitted to the stock exchanges. The adjournment ensures that all necessary approvals are obtained before the public disclosure of the financial performance for the period.

In accordance with the Company's Code of Conduct for Prohibition of Insider Trading, the trading window for dealing in the securities of the company remains closed for all directors, officers, and designated employees. The window opened on April 1, 2026, and will remain closed until 48 hours after the results are announced and intimated to the exchanges.

The intimation was sent to the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on May 25, 2026. The company's scrip codes are 531497 on the BSE and MADHUCON on the NSE.

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.