Madhav Marbles and Granites Limited — Board Meeting, 30-05-2025: Outcome of Board Meeting

Madhav Marbles and Granites has announced a board meeting on the approval of the financial results for the year. Consolidated revenues reached ₹31.06 Cr, but the company posted a net loss of ₹1.48 Cr, deepening from the previous year. The granite and stone division held steady, while the power generation segment dragged with losses. The board reappointed the internal auditor and brought in a new secretarial auditor for five years. Plans to sell subsidiary-owned land were put on hold. Auditors flagged concerns over possible impairments in investments and subsidiary loans, signaling potential financial risks ahead.