Notice of 32nd Annual General Meeting of Company
Price
▲ 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 Limited has called its 32nd AGM for Tuesday, 30 September 2025 at 11:00 a.m. via video conferencing. Ordinary business includes adopting FY25 audited financials and re-appointing Managing Director Akhil Nair, who retires by rotation. The key special business items seek shareholder approval to (a) change Arun Madhavan Nair's designation from Non-Executive to Whole-Time Director for 3 years (Aug 2025 to Aug 2028), (b) raise the borrowing cap to Rs. 300 crore, (c) allow the board to create security/charge on company assets up to Rs. 500 crore, (d) lend/invest up to Rs. 500 crore under Section 186, (e) raise up to Rs. 300 crore via loans convertible into equity, (f) issue 42 lakh equity shares on a preferential basis at Rs. 50 each (face value Rs. 10, premium Rs. 40), aggregating Rs. 21 crore, to promoters Akhil Nair (20 lakh shares, Rs. 10 crore), Arun Madhavan Nair (10 lakh, Rs. 5 crore), Vrutika Siyani (10 lakh, Rs. 5 crore) and others Sumita/Satyajit Mishra (1 lakh each, Rs. 50 lakh each), (g) raise authorised share capital from Rs. 11 crore to Rs. 30 crore (3 crore shares of Rs. 10), (h) raise up to Rs. 1,000 crore via QIP or other permitted modes, and (i) appoint Mr. Jitendra Bhagat as Secretarial Auditor for 5 years (FY26-FY30).
This is a heavy fundraising-cum-governance AGM. Combined capital-raising approvals (Rs. 21 crore preferential + up to Rs. 1,000 crore QIP), higher borrowing limits (Rs. 300 crore), and Section 186 investments (Rs. 500 crore) signal major expansion or debt restructuring plans. Existing shareholders face potential dilution from the preferential issue, though promoter participation may be viewed positively. The shift of Arun Madhavan Nair to executive director and the sharp jump in authorised capital are also worth tracking once results are declared.