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Marg Techno Projects Ltd has convened an EGM on April 17, 2026 (via video conferencing) to vote on 5 resolutions. Key items include increasing authorised share capital from Rs 30 crore to Rs 45 crore (adding 1.5 crore equity shares of Rs 10 each), and amending the Memorandum of Association to add 3 new business objects enabling the company to enter fintech/digital payments space — specifically as a Bharat Bill Payment Operating Unit (BBPOU) under BBPS, develop payment gateways and fintech platforms, and establish digital payment infrastructure. Additionally, remuneration increases for three executive directors (MD Akhil Nair and two Whole-Time Directors Arun Madhavan Nair and Dhananjayan Kakkat Nair) are on the agenda. Remote e-voting runs from April 14-16, 2026, with record date April 10, 2026.
The capital increase signals potential fund-raising or business expansion readiness. The MOA amendment indicates a significant strategic pivot into fintech and digital payments, which could be positive for long-term growth prospects. Director remuneration hikes at three levels suggest alignment with future growth plans but will add to employee costs.