Madhusudan Industries Ltd — Important, 03-09-2026: Company Update

Madhusudan Industries Limited has announced the sad demise of Mr. Rajesh Bhikhubhai Shah, who served as a Non-Executive Non-Independent Director of the company. The passing of a director is a significant event that alters the composition of the Board of Directors. The company's management and employees have conveyed their profound sorrow and condolences to Mr. Shah's family. This update ensures shareholders are informed about changes in the company's governance structure.