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Marg Techno Projects Ltd has filed its 32nd Annual Report for FY 2024-25 with BSE and MSEI. The 32nd Annual General Meeting is scheduled for Tuesday, September 30, 2025 at 11:00 a.m. via video conferencing. Shareholders will be asked to approve several major items including a preferential allotment of 42 lakh equity shares at Rs. 50 per share (total Rs. 21 crores) to promoters and non-promoters, with Chairman & MD Akhil Nair getting 20 lakh shares and Director Arun Madhavan Nair getting 10 lakh shares. The company is also seeking approval to raise authorised share capital from Rs. 11 crores to Rs. 30 crores, increase borrowing limits to Rs. 300 crores, create security interests up to Rs. 500 crores, and authorise a Qualified Institutions Placement (QIP) of up to Rs. 1,000 crores. Additionally, Arun Madhavan Nair is being redesignated from Non-Executive to Whole-Time Director for three years, and a new Secretarial Auditor is being appointed for five years (FY 2025-26 to FY 2029-30).
For existing shareholders, the preferential issue at Rs. 50/share (face value Rs. 10 + Rs. 40 premium) will lead to dilution of their stake, though promoter participation signals insider confidence. The large QIP and borrowing authorisations suggest the company is preparing for significant fundraising or expansion activity in the coming year.