Cut off Date for EGM Dt. 17.04.2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Marg Techno Projects has called an Extraordinary General Meeting (EGM) on April 17, 2026 at 11:00 AM via video conferencing, with the record/cut-off date set as April 10, 2026 and e-voting open from April 14 to April 16, 2026. Shareholders will vote on five special business items: (1) increasing authorised share capital from Rs. 30 crore to Rs. 45 crore by adding 1.5 crore equity shares of Rs. 10 each, (2) expanding the company's objects clause to include fintech, digital payments, and Bharat Bill Payment (BBPS) related businesses, and (3-5) approving higher remuneration for Managing Director Akhil Nair and two Whole-Time Directors, Arun Madhavan Nair and Dhananjayan Kakkat Nair, effective April 1, 2026. The company is currently a small listed entity on BSE (Script Code: 540254) and MSE, and the proposed capital hike signals room for a future fundraising or stock split-related action.
For existing shareholders, the EGM proposes a 50% increase in authorised capital, which could be a precursor to a future equity dilution or fundraising round, potentially weighing on share price. The pivot into fintech and digital payments is a strategic shift from the company's current main objects. Higher director remuneration, effective April 2026, will raise fixed costs for the company.