Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On March 20, 2026, the Board of Marg Techno Projects approved increasing the authorised share capital from Rs. 30 crore to Rs. 45 crore by creating an additional 1.5 crore equity shares of Rs. 10 each, subject to shareholder approval. It also approved a Rights Issue of equity shares up to Rs. 65 crore to existing eligible shareholders on a record date to be notified later. The Board amended the company's objects clause to add fintech and digital payment businesses, including acting as a Bharat Bill Payment Operating Unit (BBPOU) under BBPS, operating payment gateways, wallets, and digital infrastructure. Mr. Arun Madhavan Nair was appointed as the new Chief Financial Officer from March 20, 2026, replacing Mrs. Chhayaba Balbhadrasinh Dodiya who resigned for personal reasons. Remuneration of Managing Director Akhil Nair and Whole-Time Directors Arun Nair and Dhananjayan Kakkat Nair was increased, subject to shareholder approval. An Extra Ordinary General Meeting was scheduled for April 17, 2026 to seek shareholder approval.
Existing shareholders will likely get a rights entitlement to subscribe to the Rs. 65 crore issue, which could dilute holdings if not fully subscribed but strengthens the company's balance sheet. The expansion into fintech and bill-payment services marks a strategic shift beyond the existing real estate/infrastructure business. The new CFO is the brother of the Managing Director, a related-party appointment that investors should watch for governance implications.