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Madhav Marbles & Granites Ltd. Board/Management Information 2021

Sep 4, 2021

62582_rns_2021-09-04_766485ff-53e4-4f27-a38c-cc5c2e3a0743.pdf

Board/Management Information

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MADHAV MARBLES AND GRANITES LIMITED

CIN: L14101RJ1989PLC004903

Regd. Office: First Floor, “Mumal Towers”, 16, Saheli Marg, Udaipur (Raj.) 313 001 Phone: 91-0294-2981666, E-mail:[email protected] Website: www.madhavmarbles.com

04/09/2021

Department of Corporate Services Listing Department BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex Dalal Street, Bandra East Mumbai-400001 Mumbai-400051 Scrip Code: 515093 Scrip Code: MADHAV

Sub: Outcome of Board meeting – Information pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Dear Sir

We wish to inform you that Board of Directors of the Company ('the Board') at the meeting held today i.e. September 04, 2021, have inter alia considered and approved the following:

Directors Report and its Annexures as on March 31, 2021
Notice of Annual General Meeting. The 32[nd] Annual General meeting of the members of the Company will be held on Thursday, September 30, 2021 at 11:00 a.m. through VC/OAVM
The Board also discussed regarding business to be pursued in Madhav Natural Stone Surfaces Private Limited, Subsidiary Company and it was decided that Subsidiary will explore option of taking mining lease of quartz and setting up a processing unit of Quartz powder which is used as raw material for manufacturing of engineered stone. The further update and analysis of the project will be placed in the forthcoming Board Meetings.
The Board also ratified the action of the Company in seeking waiver of fine in respect of monetary penalty being levied by NSE and BSE on non –compliance of Regulation 18, Regulation 20 and Regulation 29 of SEBI Listing Regulations. Board of Directors considered the matter and recognized that non - compliance of provisions is not wilful on the part of the Company and has occurred due to circumstances which were beyond the control of the Company

Kindly take it on record.