Marble City India Limited disclosed related party transactions (RPTs) for FY22, FY23, and FY24. This action follows an advisory from the Securities and Exchange Board of India (SEBI) dated August 21, 2026, directing the company to make requisite disclosures under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The disclosure covers loans and advances given to Key Managerial Personnel (KMP), directors, and relatives, as well as borrowings from a promoter group entity. The company stated it is strengthening processes to ensure compliance with identification, approval, and disclosure norms for RPTs.

Transaction details by fiscal year

The annexures detail transactions with specific individuals and entities, categorized by their relationship with the listed entity. The audit committee approved a limit of ₹5 crore for each counterparty across the reported periods.

FY22 transactions

FY23 transactions

FY24 transactions

What the numbers show

A significant shift occurred in FY24 regarding loans to Saket Dalmia, a Key Managerial Personnel. After clearing his outstanding balance in FY23, the company extended new loans worth ₹5.55 crore in FY24, reaching the full approved limit of ₹5 crore plus interest or additional allowances if applicable within the reporting period context. Conversely, loans to Raja Ram Dalmia were fully repaid in FY24, bringing the closing balance to zero.

Marble City India Limited held its 33rd Annual General Meeting on September 30, 2026, through video conferencing, with all five resolutions passing after e-voting drew 14,351,379 valid votes, representing 55.13% of total paid-up equity capital.

Key resolutions passed

Shareholders approved the following ordinary and special resolutions during the virtual meeting:

Voting breakdown by shareholder category

The detailed voting results reveal distinct participation patterns between promoter and public shareholders. Promoters and promoter group members voted 100% in favour across all resolutions, casting 10,257,193 votes. Public institutions did not cast any votes. Public non-institutional shareholders participated significantly, with 4,094,186 votes polled, of which 99.99% were in favour and 0.01% (277 votes) were against.

Meeting proceedings

The meeting commenced at 9:00 am with Davender Kumar, Company Secretary, welcoming participants. Usha Sharma, Director cum Chairperson, was granted leave of absence. Saket Dalmia, Managing Director, proposed himself for the position of Chairman and was unanimously appointed. Panelists present included Saket Dalmia (Managing Director), Amit Dalmia (Non-Executive Director), Nirdesh Agarwal (Independent Director), and Himanshu Duggal (Independent Director). The meeting concluded at 10:00 am.

E-voting results

Sameer Kishore Bhatnagar, Practicing Company Secretary (Membership No. 30997, CoP No. 13115), was appointed as Scrutinizer by the Board in its meeting held on September 8, 2026. The e-voting period ran from 9:00 am on September 27, 2026 to 10:00 am on September 30, 2026. The cutoff date for matching shareholding was September 23, 2026. Votes were unblocked at Delhi on September 30, 2026 in the presence of Mr. Vikas and Mr. Shobhit as witnesses.

All five resolutions recorded identical voting outcomes, as detailed below:

For each resolution, the breakdown of valid votes was as follows:

Compliance and disclosure

Voting was conducted through remote e-voting and video conferencing. The scrutinizer's report was submitted to the Board of Directors of Marble City India on September 30, 2026. Disclosure of voting results under Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, was filed with BSE Limited. All relevant records of electronic voting will remain in the scrutinizer's custody until the Chairman approves and signs the minutes of the AGM, after which they will be handed over to the Chairman or Company Secretary for safekeeping.