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Marg Techno Projects' board, at its meeting on 06 December 2025, approved the allotment of 14,00,000 equity shares at Rs. 50 each (including a Rs. 40 premium) on a preferential basis, raising Rs. 7 crore in total. This is part of a larger approved issue of 42,00,000 shares, for which in-principle approvals from BSE and MSE have already been received. Out of the 14 lakh shares allotted, 8.5 lakh shares went to three promoters (Akhil Nair, Arun Madhavan Nair, and Madhavan Kakkat Nair) for Rs. 4.25 crore combined, and 5.5 lakh shares went to non-promoter Mansukhbhai Parejiya for Rs. 2.75 crore. The statutory auditor has confirmed receipt of the full subscription amount, and the funds will be utilised as per the objects approved by shareholders at the AGM.
Existing shareholders may see modest dilution, but promoter participation signals insider confidence and the capital raise strengthens the company's balance sheet. The remaining 28,00,000 shares from the approved 42 lakh could be allotted in future tranches, potentially causing further dilution.