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Awaiting price reaction for this filing.
Marg Techno Projects' board, which met on 12 December 2025, approved the allotment of 14,00,000 equity shares at Rs. 50 each (including Rs. 40 premium) via preferential issue, raising Rs. 7 crore in total. Of these, 8,50,000 shares (about 60.7%) are going to two promoters — Akhil Nair (4,00,000 shares) and Arun Madhavan Nair (4,50,000 shares) — while the remaining 5,50,000 shares are allotted to four non-promoter investors. This is the third tranche of a larger 42,00,000-share preferential plan, following tranches of 14,00,000 shares each on 6 December and 9 December 2025. The statutory auditor has confirmed receipt of the full Rs. 7 crore subscription money. The MD has been authorized to deploy the funds for purposes approved by shareholders at the AGM.
Existing shareholders will see further dilution as 14,00,000 new shares are added, with promoters increasing their control by subscribing to the majority of this tranche. The Rs. 7 crore infusion strengthens the company's funds for use as approved at the AGM, but the preferential pricing at a Rs. 40 premium is notably below typical market valuations for listed entities, which existing shareholders should factor in.