Royal emblem of Gwalior; stylized cobra above crossed spear and trident, within a circle of beads
Legend in Devanagari surrounds

Lettering:
श्री. माधवराव मा . सिंदे
आलीजा बाहादर

Translation: Shree Madhavrao Shinde Alija Bahadur

Reverse
Legend in Devanagari "Gwalior Pav Aana samvat", within circle of beads
Wreath surrounds & VS date below

Lettering:
गवालीयर.
पाव आणा
संमत
१९५३

Translation: Gwalior, 1/4 anna, VS year 1953