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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Marg Techno Projects has published a corrigendum in Financial Express (English and Gujarati) on September 25, 2025, correcting its earlier AGM notice. The main fix is a typographical error where the borrowing limit under Section 180(1)(c) was wrongly stated as Rs. 300 Crores and has now been corrected to Rs. 3,000 Crores. The list of proposed allottees for the preferential issue has been expanded from 5 to 10 persons, with Managing Director Akhil Nair's allocation reduced from 20 lakh to 10 lakh shares. After the issue, total shares will rise from 1 crore to 1.42 crore, with promoter holding moving to 48.35% from 43.66%. The 32nd AGM will be held on September 30, 2025 at 11:00 AM via video conferencing.
The borrowing limit increase to Rs. 3,000 Crores is a substantial expansion of the company's debt-raising capacity and needs shareholder approval at the upcoming AGM. The expanded allottees list and revised share allocation could moderately dilute existing shareholders, though promoter control remains intact with no single allottee crossing the 5% post-issue threshold.