Correct option is B
The correct direct narration of the given sentence is "Madhav said, 'Bravo! You have done well.'”
Tense Change: Since the indirect sentence is in the past tense ("she had done well"), the direct sentence should be in the present perfect tense ("you have done well").
Pronoun Change: The pronoun "she" in indirect speech changes to "you" in direct speech, as Madhav is addressing her directly.
Verb Change: The verb "had done" in the past perfect tense changes to "have done" in the present perfect tense.