Madhav Infra Projects Ltd Approves Quarterly Results and Appoints Compliance Officer
Madhav Infra Projects Limited announced key decisions following its Board of Directors meeting held on July 30, 2026. The board approved the Standalone and Consolidated Unaudited Financial Results for the quarter ending June 30, 2026, and approved the draft notice for the company's 33rd Annual General Meeting (AGM).The meeting commenced at 3:00 P.M. and concluded at 5:30 P.M. The board also took on record the appointment of Ms. Ishwari Hanumantsinh Sindha as a Company Secretary and Compliance Officer, effective from July 30, 2026.
Key Appointments and Profiles
The company appointed Ms. Ishwari Hanumantsinh Sindha as its Company Secretary and Compliance Officer.Ms. Sindha is a Member of the Institute of Company Secretaries of India (Membership No. A80997). She holds a Bachelor of Commerce (B.Com.) degree and is currently pursuing a Bachelors of Law (LL.B.) from The Maharaja Sayajirao University of Baroda. Her professional experience includes managing secretarial and regulatory compliances for listed, public, and private companies.
Details regarding the appointment are provided below:
| Particulars | Details |
|---|---|
| Name | Ms. Ishwari Hanumantsinh Sindha |
| Reason for Appointment | Appointment |
| Date of Appointment | July 30, 2026 |
| Profile Summary | CS Ishwari Hanumantsinh Sindha holds a B.Com. degree and is pursuing LL.B. from The Maharaja Sayajirao University of Baroda. She has experience in managing secretarial and regulatory compliances for listed, public, and private companies. |
Standalone Financial Results (Quarter Ended June 30, 2026)
The company’s standalone financial results were reviewed by the Audit Committee and approved by the Board of Directors. The independent auditors conducted a limited review of these results, which have been prepared in accordance with Indian Accounting Standard 34 ("Interim Financial Reporting").A summary of the Standalone Unaudited Financial Results is provided below:
| Particulars | Quarter Ended June 30, 2026 (Unaudited) | Quarter Ended March 31, 2026 (Audited) | Quarter Ended June 30, 2025 (Unaudited) | Year Ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Net sales or Revenue from Operations | 5,734.87 | 20,768.85 | 8,444.27 | 44,756.81 |
| Total Income (1 + 2) | 5,875.69 | 20,937.03 | 8,724.08 | 45,469.70 |
| Cost of materials consumed | 2,447.85 | 7,724.31 | 6,594.57 | 24,669.07 |
| Construction Expenses | 2,816.56 | 5,606.90 | 2,518.12 | 11,069.42 |
| Changes in inventories | (1,323.26) | 5,210.02 | (2,737.25) | 1,011.90 |
| Employee benefit expense | 439.97 | 232.22 | 367.66 | 1,346.95 |
| Finance Costs | 445.77 | (19.80) | 682.09 | 1,906.84 |
| Depreciation and Amortisation Expense | 282.62 | 230.88 | 217.45 | 871.69 |
| Total Expenses | 5,283.29 | 19,391.92 | 7,880.22 | 42,024.60 |
| Profit/(loss) before tax | 592.40 | 1,545.11 | 843.86 | 3,445.10 |
| Tax Expense (Current Tax) | 145.03 | 461.22 | 149.86 | 793.19 |
| Profit after tax | 447.37 | 1,045.15 | 694.00 | 2,613.18 |
Consolidated Financial Review Status
The auditor reviewed the accompanying statement of unaudited consolidated financial results for the quarter ended June 30, 2026. The review included the results from various subsidiaries and associates.The Statement includes results from:
- Subsidiaries: 15 companies including Ml Solar (I) Private Limited and MIPL Solar Kakanwani Private Limited.
- Associate: Mansha Textiles Private Ltd.
- Joint Ventures: Six entities, including Madhav Infra Projects ltd - Eagle Infra India Ltd.
The auditor's review focused on the amounts and disclosures related to these entities. It was noted that fifteen subsidiaries with total assets of Rs. 12895.03 Lakhs and net profit after tax of Rs. 64.32 Lakh were included in the results, alongside one associate and six joint ventures.
Auditor’s Review Opinion
The independent auditor reviewed the interim financial statements under SRE 2410, seeking moderate assurance that the statements are free of material misstatement.A key observation noted by the auditors relates to Note No. 4 of the accompanying results concerning the non-ascertainment and non-provision of Deferred Tax Liability as per Ind AS 12 Income Taxes.
MADHAVIPL Stock Price Movement
Today, shares of Madhav Infra Projects Limited edged higher to settle at ₹8.03, marking a gain of 0.62% in trading. The equity saw strong activity, with 61,403 shares changing hands during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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