Announced Fri, 15 May · 18:21 IST

EGM Notice -

Board & Shareholder Meetings View source PDF

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Price reaction · full curve 14 horizons · vs prior close
+10.1%1-day move
₹27.21
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AI summary

Marg Techno Projects Ltd has called an Extra-Ordinary General Meeting on June 10, 2026, seeking shareholder approval to increase its Authorised Share Capital from Rs. 45 crore to Rs. 85 crore. The company proposes to create 4 crore additional equity shares of Rs. 10 each, raising the total authorised shares from 4.5 crore to 8.5 crore. The Board states this is needed to support future business plans, capital raising requirements, and provide flexibility for issuing further securities. This requires amendment to Clause V of the Memorandum of Association. Voting will be conducted electronically via CDSL from June 7-9, 2026.

Likely market impact

If approved, this increase gives the company headroom to raise fresh capital through equity issuances, which could be dilutive to existing shareholders. The move signals potential fund-raising activity ahead.