Intimation of In- Principal Approval _BSE
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.3 pts more than Nifty Microcap 250 and 4.6 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Marg Techno Projects Ltd has received in-principal approval from BSE on May 5, 2026, for a proposed Rights Issue of Equity Shares worth up to Rs. 65 crore. The approval is under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company filed this intimation under Regulation 30 of SEBI Listing Regulations. The rights issue is pending final execution and will be open to existing equity shareholders in proportion to their holdings. No specific end-use of proceeds has been disclosed in this filing.
Shareholders should anticipate share dilution as the rights issue will increase the total number of outstanding shares. The Rs. 65 crore capital raise could reduce debt levels or fund growth, but the lack of disclosed use of funds warrants caution.