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Madhav Marbles & Granites’ arm enters into shareholders agreement with AKCAL

Madhav Marbles & Granites’ subsidiary — Madhav Ashok Venture has entered into Shareholders Agreement on September 30, 2019 with AI Khanjar Commercial Agencies LLC (AKCAL), a company based at Sultanate of Oman for formation of a Limited Liability Company (LLC) to set up the plant of manufacturing and processing of engineered stone at Oman.

It is proposed to incorporate a new LLC at Oman into which each party to the agreement shall subscribe to 50% of share capital.

Madhav Marbles & Granites is into the business of manufacturing marble items such as tiles, slabs and blocks. Further, it also manufactures granite and its items such as tiles.

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