Madhav Marbles & Granites Ltd. to Acquire Remaining Stake in Subsidiary
Madhav Marbles & Granites Limited announced on March 25, 2026, that its Board of Directors approved the acquisition of an additional 18.01% equity stake in Madhav Natural Stone Surfaces Private Limited, a subsidiary.Upon completion of the acquisition, Madhav Marbles & Granites Limited will own 100% of Madhav Natural Stone Surfaces Private Limited, making it a wholly-owned subsidiary. The acquisition is contingent on the execution of definitive agreements and receipt of necessary approvals.
According to company information, Madhav Natural Stone Surfaces Private Limited was incorporated on September 16, 2018. The company has not reported revenue over the past three years and operates in India. The acquisition is being undertaken to enable a dedicated vehicle for a proposed real estate project, leveraging existing land assets for focused execution and long-term value creation. The consideration for the acquisition will be in the form of cash. The price per share will be determined based on the valuation of Madhav Natural Stone Surfaces Private Limited. Mr. Madhav Doshi and Mrs. Riddhima Doshi, Executive Directors and Promoter Group Members, are also Directors in the subsidiary.
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