Madhucon Projects has confirmed the book closure dates for its 36th Annual General Meeting (AGM), which is scheduled for Tuesday, September 29, 2026. Pursuant to Regulation 42 of the SEBI LODR Regulations, the Registrar of Members and Share Transfer Books will remain closed from Wednesday, September 23, 2026, to Tuesday, September 29, 2026, both days inclusive.

The AGM will be held at 3:00 pm at the company’s registered office in Khammam. The meeting agenda includes ordinary business items such as the adoption of audited financial statements for FY26, alongside special resolutions focused on board composition and debt management strategies.

Board Appointments

Shareholders will be asked to ratify the appointment of Mr. Prithvi Teja Nama as a Director and Mr. Shankara Rao Kadambala as an Independent Director. Both were initially appointed as Additional Directors on August 13, 2026.

Mr. Nama, who holds a B.Tech in Civil Engineering and an MS in Project Management & Business Development, will serve as a Director liable to retire by rotation. He currently holds 10,51,500 shares in the company and serves on the boards of 10 other companies.

Mr. Kadambala, qualified with a B.Sc, LL.B., and P.G.D.J, will serve as an Independent Director for a five-year term ending August 12, 2031. He is not liable to retire by rotation and holds no shares in Madhucon Projects.

Debt Resolution Strategy

A critical item on the agenda involves the non-provision of interest on working capital loans and unsecured loans for the financial year 2025-26. The company states it has submitted a One Time Settlement (OTS) proposal to all working capital banks and financial institutions. Consequently, the board proposes not applying interest provisions in the books of accounts while negotiations for the OTS approval continue.

Auditor Appointments

The meeting will also see the appointment of M/s. B. Narsing Rao & Co LLP as Statutory Auditors for a three-year term commencing July 1, 2026. Additionally, shareholders will ratify the remuneration of ₹1,00,000 for M/s AS RAO & CO., Cost Accountants, for conducting the cost audit for the financial year ending March 31, 2027.

Voting Details

Remote e-voting will open from 9:00 am on Saturday, September 26, 2026, and close at 5:00 pm on Monday, September 28, 2026. Members holding shares as on the cutoff date of September 22, 2026, are eligible to vote electronically via the KFinTech platform.

Madhucon Projects reported a standalone net profit of ₹36.48 lakh for the quarter ended June 30, 2026, compared to ₹14.02 lakh in the same period of the previous fiscal year. The Hyderabad-based construction company’s consolidated net profit stood at ₹1,726.06 lakh, marking a sharp turnaround from the consolidated loss of ₹12,696.73 lakh recorded in Q1FY26.

The Board of Directors approved the unaudited standalone and consolidated financial results in a meeting held on August 13, 2026. The results were subsequently published in Financial Express and Nava Telangana on August 14, 2026, pursuant to Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

Standalone revenue from operations declined significantly to ₹3,376.06 lakh in Q1FY27, down from ₹18,149.44 lakh in Q1FY26. Despite the drop in topline growth, the standalone entity returned to profitability, posting a pre-tax loss of ₹135.86 lakh that was offset by tax benefits or other adjustments to yield the final net profit figure.

On a consolidated basis, total income from operations was ₹5,593.23 lakh, lower than the ₹20,401.83 lakh reported in the prior year quarter. The consolidated segment, however, demonstrated improved bottom-line health, moving from a substantial loss position to a net profit of ₹1,726.06 lakh.

What the Numbers Show

The divergence between standalone and consolidated performance highlights the impact of subsidiaries on the group's overall financial health. While the standalone unit saw an 81% decline in revenue, its ability to maintain profitability suggests controlled cost structures at the parent level. Conversely, the consolidated result shows a massive swing from a ₹12,696.73 lakh loss to a ₹1,726.06 lakh profit, indicating that the improvement is largely driven by factors within the consolidated entities rather than the core standalone operations. This shift underscores a dependency on subsidiary performance for the group's current positive earnings trajectory.