Madhav Infra Projects Ltd

Leadership Shifts at Madhav Infra Projects 🏗️ | New Independent Director Appointed

- Mr. Kamal Lalani resigned as Independent Director on September 26, 2025, citing pre-occupancy.

- He also stepped down from his roles in the Audit, Nomination Remuneration, and CSR Committees.

- Mr. Nikhil Kaushik was appointed as Non-Executive Independent Director on February 03, 2025.

- The Board reconstituted key committees (Audit, Nomination & Remuneration, CSR) effective September 26, 2025.

- New committee members include Mr. Shankar Prasad Bhagat, Ms. Hiral Vindbhai Patel, and Mr. Ashok Khurana.

- Mr. Lalani confirmed no other reasons for resignation beyond pre-occupancy.

- Changes reinforce the company’s governance standards without operational impact.