Integrated Filing — IndAS



General information about company
Scrip Code 515093
NSE Symbol MADHAV
MSEI Symbol NOTLISTED
ISIN INE925C01016
Name of company MADHAV MARBLES AND GRANITES LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 30-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 22-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 30-May-2025   19:00:00
End date and time of board meeting 30-May-2025   23:00:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2025-02-10
Indicate Company website link for updated RPT policy of the Company WWW.MADHAVMARBLES.COM
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
NA



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 76708000 309489000
Other income 16172000 45389000
Total income 92880000 354878000
2 Expenses
(a) Cost of materials consumed 27914000 106382000
(b) Purchases of stock-in-trade 5678000 25693000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 3780000 -4057000
(d) Employee benefit expense 20849000 78827000
(e) Finance costs 2543000 8918000
(f) Depreciation, depletion and amortisation expense 8238000 25647000
(f) Other Expenses
1 MANUFACTURING EXPENSES 12042000 54811000
2 OTHER EXPENSES 14591000 47784000
Total other expenses 26633000 102595000
Total expenses 95635000 344005000
3 Total profit before exceptional items and tax -2755000 10873000
4 Exceptional items 0 0
5 Total profit before tax -2755000 10873000
6 Tax expense
7 Current tax 396000 3108000
8 Deferred tax 254000 254000
9 Total tax expenses 650000 3362000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations -3405000 7511000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period -3405000 7511000
17 Other comprehensive income net of taxes 0 0
18 Total Comprehensive Income for the period -3405000 7511000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 89470000 89470000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 1290615000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -0.38 0.84
Diluted earnings (loss) per share from continuing operations -0.38 0.84
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -0.38 0.84
Diluted earnings (loss) per share from continuing and discontinued operations -0.38 0.84
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 242227000
Capital work-in-progress 3791000
Investment property 0
Goodwill 0
Other intangible assets 33000
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 29998000
Trade receivables, non-current 14492000
Loans, non-current 447207000
Other non-current financial assets 192156000
Total non-current financial assets 683853000
Deferred tax assets (net) 0
Other non-current assets 132559000
Total non-current assets 1062463000
2 Current assets
Inventories 262748000
Current financial asset
Current investments 0
Trade receivables, current 116343000
Cash and cash equivalents 1174000
Bank balance other than cash and cash equivalents 343000
Loans, current 1144000
Other current financial assets 2925000
Total current financial assets 121929000
Current tax assets (net) 18551000
Other current assets 102884000
Total current assets 506112000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 1568575000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 89470000
Other equity 1290615000
Total equity attributable to owners of parent 1380085000
Non controlling interest
Total equity 1380085000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 12725000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 368000
Total Trade payable 368000
Other non-current financial liabilities 0
Total non-current financial liabilities 13093000
Provisions, non-current 440000
Deferred tax liabilities (net) 21566000
Deferred government grants, Non-current 0
Other non-current liabilities 1622000
Total non-current liabilities 36721000
Current liabilities
Current financial liabilities
Borrowings, current 101150000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 36042000
Total Trade payable 36042000
Other current financial liabilities 343000
Total current financial liabilities 137535000
Other current liabilities 14234000
Provisions, current 0
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 151769000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 188490000
Total equity and liabilites 1568575000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 GRANITE AND STONE DIVISION 76708000 309489000
2 REALTY DIVISION 0 0
3 POWER GENERATION UNIT 4001000 13559000
4 UNALLOCATED 0 0
Total Segment Revenue 80709000 323048000
Less: Inter segment revenue 4001000 4001000
Revenue from operations 76708000 309489000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 GRANITE AND STONE DIVISION 2798000 15990000
2 REALTY DIVISION 0 0
3 POWER GENERATION UNIT -3058000 3609000
4 UNALLOCATED 48000 192000
Total Profit before tax -212000 19791000
i. Finance cost 2543000 2543000
ii. Other Unallocable Expenditure net off Unallocable income 0 0
Profit before tax -2755000 10873000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 GRANITE AND STONE DIVISION 1133480000 1133480000
2 REALTY DIVISION 29599000 29599000
3 POWER GENERATION UNIT 242966000 242966000
4 UNALLOCATED 162530000 162530000
Total Segment Asset 1568575000 1568575000
Un-allocable Assets 0 0
Net Segment Asset 1568575000 1568575000
4 Segment Liabilities
Segment Liabilities
1 GRANITE AND STONE DIVISION 115463000 115463000
2 REALTY DIVISION 0 0
3 POWER GENERATION UNIT 36308000 36308000
4 UNALLOCATED 0 0
Total Segment Liabilities 151771000 151771000
Un-allocable Liabilities 0 0
Net Segment Liabilities 151771000 151771000
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss 0 0
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income 0 0



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 10873000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 8919000
Adjustments for decrease (increase) in inventories 14672000
Adjustments for decrease (increase) in trade receivables, current 33866000
Adjustments for decrease (increase) in trade receivables, non-current 2654000
Adjustments for decrease (increase) in other current assets 6921000
Adjustments for decrease (increase) in other non-current assets -80992000
Adjustments for other financial assets, non-current 3219000
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 3500000
Adjustments for increase (decrease) in trade payables, non-current 21000
Adjustments for increase (decrease) in other current liabilities -2289000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 25647000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0
Adjustments for provisions, non-current 47000
Adjustments for other financial liabilities, current -378000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains -6215000
Adjustments for dividend income 0
Adjustments for interest income 31686000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow -1176000
Other adjustments to reconcile profit (loss) -1163000
Other adjustments for non-cash items -3000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -24436000
Net cash flows from (used in) operations -13563000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 3558000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities -17121000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment -2633000
Purchase of property, plant and equipment -1600000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 1239000
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 32141000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 14114000
Net cash flows from (used in) investing activities 46461000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 0
Repayments of borrowings 20054000
Payments of lease liabilities 0
Dividends paid 0
Interest paid 8919000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -28973000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 367000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 367000
Cash and cash equivalents cash flow statement at beginning of period 808000
Cash and cash equivalents cash flow statement at end of period 1175000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Auditor's opinion Qualified opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Nyati and Associates Yes 31-Jul-2026


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 354878000 354878000
2 Total Expenditure 344005000 344005000
3 Net Profit/(Loss) 7511000 7511000
4 Earnings Per Share 0.84 0.84
5 Total Assets 1568575000 1568575000
6 Total Liabilities 188491000 188491000
7 Net Worth 1380084000 1380084000


Audit qualification
Sr. Details of Audit Qualification Type of Audit Qualification Frequency of qualification For Audit Qualification(s) where the impact is quantified by the auditor For Audit Qualification(s) where the impact is not quantified by the auditor
Management's Views (i) Management's estimation on the impact of audit qualification (ii) If management is unable to estimate the impact, reasons for the same Auditors' Comments on (i) or (ii) above
1 Textual Information(1) Qualified opinion Whether appeared first time Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)
2 Textual Information(6) Qualified opinion Whether appeared first time Textual Information(7) Textual Information(8) Textual Information(9) Textual Information(10)


Text Block
Textual Information(1) The Company has made investments in its subsidiary, Madhav Ashok Ventures Private Limited amounting to Rs. 2,16,00,000 and has extended loans amounting to Rs. 22,85,33,421 as at 31st March 2025. The net worth of the subsidiary has been fully eroded which indicates the existence of indicators of impairment in accordance with the requirements of Indian Accounting Standard (Ind AS) 36 Impairment of Assets. However, the Company has neither carried out an impairment assessment of the said investments and nor recognized any provision for loan in the financial statements for the year ended 31st March 2025. In the absence of such an assessment and provision, we are unable to determine whether any adjustments are necessary to the carrying value of these investments and loans. Had such an impairment assessment been performed and any provision recognized, the carrying value of these financial assets, the profit or loss for the year, and the related disclosures in the financial statements could have been materially affected.
Textual Information(2) In response to the audit qualification, the management is optimistic about the future performance of its subsidiary, Madhav Ashok Ventures Private Limited, and its associate, Madhav Surfaces FZC LLC, Oman, in the current financial year. nThis confidence is underpinned by the anticipated imposition of tariffs by the US on quartz products, which is expected to enhance the competitive advantage of the Oman-based operations over other countries, including India. This development is likely to improve the product demand in Middle East, India, US and European markets, thus improving profitability of the associate, thereby indirectly strengthening the financial position of the subsidiary. nAdditionally, the Company anticipates improved cash flows in the current year, supported by increased working capital availability and ongoing production and dispatches aligned with the projected targets. nThe promoters have also reiterated their commitment to the long-term stability of the subsidiary and are willing to infuse additional funds if necessary to support its increased operations. These developments, combined with focused efforts to enhance operational efficiency and market positioning, provide a strong basis for managements belief that the business outlook for both the subsidiary and its associate is expected to improve in the near term. n
Textual Information(3) NA
Textual Information(4) Management is confident that the Subsidiary will recover from its current financial situation and return to a path of stability and growth.
Textual Information(5) NA
Textual Information(6) The Company has made investments in its subsidiary, Madhav Natural Stone and Surface Private Limited ts amounting to Rs. 70,51,000 and has extended loans amounting to Rs. 5,61,43,848 as at 31st March 2025. The net worth of the subsidiary has been fully eroded which indicates the existence of indicators of impairment in accordance with the requirements of Indian Accounting Standard (Ind AS) 36 Impairment of Assets. However, the Company has neither carried out an impairment assessment of the said investments and nor recognized any provision for loan in the financial statements for the year ended 31st March 2025. In the absence of such an assessment and provision, we are unable to determine whether any adjustments are necessary to the carrying value of these investments and loans. Had such an impairment assessment been performed and any provision recognized, the carrying value of these financial assets, the profit or loss for the year, and the related disclosures in the financial statements could have been materially affected.
Textual Information(7) The subsidiary had earlier initiated business restructuring efforts to reduce losses and explore new business opportunities, further supporting long-term value. Further while, the impairment assessment could not be finalized before audit completion, preliminary indications suggest that the recoverable amount (via sale proceeds and cash flows) will support the existing carrying value of the Companys financial exposure to the subsidiary
Textual Information(8) NA
Textual Information(9) Management will take initiatives for restructuring measures.
Textual Information(10) NA


Signatories detail
Name of CEO / Managing director NA
Name of CFO S PANNEERSELVAM
Name of audit committee chairman DEVENDRA MANCHANDA
Name of statutory auditor SURESH NYATI
Name of other signatory, if any, with designation RIDDHIMA DOSHI, WHOLE TIME DIRECTOR
Place UDAIPUR
Date 30-May-2025


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Madhav Marbles and Granites Limited Mr. Ravi Kumar Krishnamurthi Independent Director Any other transaction SITTING FEES 60000 APPROVED 60000 0 0
2 Madhav Marbles and Granites Limited Madhav Surfacez FZC LLC Associate of Subisdiary Any other transaction Reimbursement of Current Account Expenses 2220000 APPROVED 2220000 0 0
3 Madhav Marbles and Granites Limited S PANNEERSELVAM Chief Financial Officer Remuneration 556000 APPROVED 556000 0 0
4 Madhav Marbles and Granites Limited Ms Swati Yadav Independent Director Any other transaction SITTING FEES 30000 APPROVED 30000 0 0
5 Madhav Marbles and Granites Limited Mr. Madhav Doshi CEO and Managing Director Remuneration 3623000 APPROVED 3623000 0 0
6 Madhav Marbles and Granites Limited Mrs. Riddhima Doshi Whole Time Director Remuneration 2450000 APPROVED 2450000 0 0
7 Madhav Marbles and Granites Limited Madhav Ashok Ventures Private Limited Subsidiary Any other transaction Current Account Expenses 1459000 APPROVED 1459000 0 0
8 Madhav Marbles and Granites Limited Madhav Natural Stone Surfaces Private Limited Subsidiary Any other transaction RENT RECEIVED 48000 APPROVED 48000 0 0
9 Madhav Marbles and Granites Limited Shubh Builders Other Related Party Any other transaction RENT RECEIVED 432000 APPROVED 432000 0 0
10 Madhav Marbles and Granites Limited Madhav Ashok Ventures Private Limited Subsidiary Any other transaction RENT RECEIVED 48000 APPROVED 48000 0 0
11 Madhav Marbles and Granites Limited Madhav Surfacez FZC LLC Associate of Subisdiary Investment 44468000 APPROVED 44468000 0 0
12 Madhav Marbles and Granites Limited Priyanka Manawat Company Secretary Remuneration 689000 APPROVED 689000 0 0
13 Madhav Marbles and Granites Limited Madhav Ashok Ventures Private Limited Subsidiary Loan 5700000 APPROVED 5700000 215836000 228533000 Loan 0.07 60 Unsecured Working Capital Requirement
14 Madhav Marbles and Granites Limited Madhav Natural Stone Surfaces Private Limited Subsidiary Loan 405000 APPROVED 405000 54020000 55643000 Loan 0.07 60 Unsecured Working Capital Requirement
15 Madhav Marbles and Granites Limited Madhav Ashok Ventures Private Limited Subsidiary Interest received 7775000 APPROVED 7775000 0 0
16 Madhav Marbles and Granites Limited Madhav Natural Stone Surfaces Private Limited Subsidiary Interest received 1910000 APPROVED 1910000 0 0
17 Madhav Marbles and Granites Limited Madhav Surfacez FZC LLC Associate of Subisdiary Any other transaction Current Account Expenses 256000 APPROVED 256000 0 0
18 Madhav Marbles and Granites Limited Mr. Devendra Manchanda Independent Director Any other transaction Sitting Fees 30000 APPROVED 30000 0 0
19 Madhav Marbles and Granites Limited Madhav Surfacez FZC LLC Associate of Subisdiary Sale of goods or services 428000 APPROVED 428000 0 0
Total value of transaction during the reporting period 72587000