Intimation of Notice of Postal Ballot enclosed.

Madhav Infra Projects Limited CIN: L45200GJ1992PLC018392 Madhav House, Plot No. 4 Near Panchratna Building Subhanpura, Vadodara-390 023 Telefax : 0265-2290722 secretarial@madhavcorp.com www.madhavcorp.com Date: October 14, 2026 BSE Limited Department of Corporate Services Phiroze Jeejeebhoy Towers Dalal Street, Fort, Mumbai – 400 001. Sub: Notice of Postal Ballot - Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”). Ref: Madhav Infra Projects Limited (Security ID: MADHAVIPL Scrip Code: 539894) Dear Sir/Ma’am, Pursuant to Regulation 30 of the SEBI Listing Regulations, please find enclosed herewith a copy of the Postal Ballot Notice dated Wednesday 14th October, 2026, together with the Explanatory Statement thereto, seeking approval of the Members of Madhav Infra Projects Limited (“The Company”) on the following item of special business, by means of electronic voting (remote e-voting) in compliance with the relevant circulars issued by the Ministry of Corporate Affairs (“MCA”) and the Securities & Exchange Board of India (“SEBI”) in this regard: Sr. No. Particulars Type of Resolution 1. To consider and approve the variation in the terms of the issued fully paid- Special up 1% Non – Cumulative Non-Convertible Redeemable Preference Shares Resolution into 1% Non – Cumulative Compulsorily Convertible Preference Shares (convertible into equity shares), and the subsequent allotment of equity shares upon conversion of 1% Non – Cumulative Compulsorily Convertible Preference Shares 2. To consider and approve the proposal for Preferential Issue of securities Special through the conversion of promoter group’s unsecured loan into fully paid- Resolution up equity shares. In compliance with the applicable circulars, the Postal Ballot Notice will be sent to all Members whose names appear in the Register of Members / Register of Beneficial Owners maintained by the Depositories viz. National Securities Depository Limited (“NSDL”) and Central Depository Services (India) Limited (“CDSL”), and whose email address is registered with Depositories, Satellite Corporate Services Pvt Ltd (“RTA”) as on Friday, 9th October, 2026 (cut-off date). The Postal Ballot Notice is also being uploaded on the Company’s website at www.madhavcorp.com. The company has engaged NSDL for facilitating remote e-voting to enable the Members to cast their votes electronically. The remote e-voting on the resolutions set out in the Postal Ballot Notice shall commence from Wednesday, October 14, 2026 and will be concluded on Thursday, November 12, 2026. The Postal Ballot Notice is also being uploaded on the website of NSDL at https://www.evoting.nsdl.com. Madhav Infra Projects Limited CIN: L45200GJ1992PLC018392 Madhav House, Plot No. 4 Near Panchratna Building Subhanpura, Vadodara-390 023 Telefax : 0265-2290722 secretarial@madhavcorp.com www.madhavcorp.com The Board of Directors of the Company has appointed CS Haresh Kapuriya, Practicing Company Secretaries, as the Scrutinizer, for ensuring the remote e-voting process be carried out in a fair and transparent manner. The results of the Postal Ballot will be announced within two (2) working days from the end of the e-voting period. The results of the remote e-voting and the Scrutinizer’s report will be placed on the company’s website at https://madhavcorp.com/, on the website of NSDL at https://www.evoting.nsdl.com, will be communicated to the stock exchange BSE Limited www.bseindia.com. This is for your information and appropriate dissemination. Thanking you. Yours sincerely, For, Madhav Infra Projects Limited Ishwari Kumari Hanumantsinh Sindha Company Secretary & Compliance Officer M. No. A80997 Encl: A/a MADHAV INFRA PROJECTS LTD. Reg Office: Madhav House, Plot No. 04, Nr. Panchratna Building, Subhanpura, Vadodara, Gujarat, India, 390023 Tel-Fax. 0265 2290722 Email: secretarial@madhavcorp.com Website: CIN: L45200GJ1992PLC018392 NOTICE OF POSTAL BALLOT (Pursuant to Section 108 and Section 110 of the Companies Act, 2013, read with Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014, as amended Dear Member(s), NOTICE is hereby given, pursuant to the provisions of Section 108 and Section 110 and other applicable provisions, if any, of the Companies Act, 2013 (“the Act") read with Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014 (“Rules"), Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), General Circular Nos. 14/2020 dated April 8, 2020, 17/2020 dated April 13, 2020, 22/2020 dated June 15, 2020, 33/2020 dated September 28, 2020, 39/2020 dated December 31, 2020, 10/2021 dated June 23, 2021, 20/2021 dated December 8, 2021, 03/2022 dated May 05, 2022, 11/2022 dated December 28, 2022, 09/2023 dated September 25, 2023 and 09/2024 dated September 19, 2024 along with such other applicable circulars issued by MCA (hereinafter referred to as “MCA Circulars”), and any other applicable laws and regulations, to transact the below mentioned proposed special businesses by the Members of Madhav Infra Projects Ltd. (“Company”) by passing resolutions through postal ballot only through remote e-voting. Accordingly, the hard copy of this Postal Ballot Notice along with Postal Ballot forms and pre-paid business envelope will not be sent to the Members. The proposed resolutions and the explanatory statement pursuant to Section 102 and other applicable provisions, if any, of the Act, setting out the material facts and reasons thereof, is appended to this Postal Ballot Notice. The Board at its meeting held on October 13, 2026 appointed Mr. Haresh Kapuriya (Membership No. ACS 26109), Partner of M/s. K H & Associates, Practicing Company Secretaries, as the scrutinizer (“Scrutinizer”), for ensuring the remote e-voting process be carried out in a fair and transparent manner. In accordance with the MCA Circulars, SEBI circulars and Regulation 44 of the SEBI Listing Regulations, as amended, this Postal Ballot Notice is being sent only through electronic mode to those members whose e-mail addresses are registered with the Company/Depositories. Shareholders whose e-mail address is not registered with the Company/Depositories are requested to follow the process provided in the Notes to receive this Postal Ballot Notice. The Postal Ballot notice is placed on the website of the Company at www.madhavcorp.com, on the website of the Registrar & Share Transfer Agent at www.satellitecorporate.com and shall also be available on the website of the Stock Exchange where the shares of the Company are listed i.e. BSE Ltd at www.bseindia.com. The Company has appointed Satellite Corporate Services Pvt Ltd., Registrar and Share Transfer Agent of the Company, for providing/ facilitating remote e-voting facility to enable the Members to cast their votes electronically on the resolutions proposed to be passed under the Postal Ballot process. In the event, Resolutions as set out in the Notice is assented to by requisite majority by means of remote e-voting process, it shall be deeming to have been passed as Special Business at the General Meeting convened in that behalf. The resolutions, if passed by requisite majority, it shall deem to have been passed on last date of remote e-voting. The remote e-voting period will commence from 12:00 P.M. (IST) on Wednesday, October 14, 2026 and will be concluded at 05:00 P.M. (IST) on Thursday, November 12, 2026. The Scrutinizer will submit the report to the Chairperson of the Company, or any person authorized by him, upon completion of the scrutiny of the votes cast through remote e-voting. The results of the Postal Ballot will be announced on or before Monday, November 16, 2026. The said results along with the Scrutinizer’s Report would be intimated to BSE, where the Equity Sh [Showing first 8,000 characters — download PDF for full document]