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

Madhav Marbles and Granites has announced a board meeting on May 30, approving its financial results for FY25. Consolidated revenue slipped to ₹31.06 Cr from ₹39.90 Cr last year, while net loss narrowed to ₹1.48 Cr versus ₹1.91 Cr previously. The granite division’s segment profit before tax fell to ₹1.60 Cr. The board reappointed internal auditors and proposed a new secretarial auditor. Plans to sell subsidiary land were put on hold. Auditor’s report flagged issues around impairment assessments on some subsidiary investments and loans.