Madhucon Projects Limited — Important, 08-11-2024: Financial Result Updates

Madhucon Projects Limited reported the approval of its un-audited financial results for the quarter and half-year ended September 30, 2024. The company recorded a consolidated loss before tax of ₹1,818.86 lakhs. The Board accepted the resignation of a director and appointed the Managing Director as a new director. Notably, the company's financial health appears to be concerning, with significant provisions for impairment on investments and defaults on bank loans classified as NPA.