Outcome of Board Meeting
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' Board, meeting on September 16, 2025, ratified a preferential issue of 42 lakh equity shares at Rs. 50 per share (face value Rs. 10), raising a total of Rs. 21 crore. Of these, 25 lakh shares go to promoters (Akhil Nair 10 lakh, Arun Madhavan Nair 10 lakh, Madhavan Kakkat Nair 5 lakh) and 17 lakh shares to 7 non-promoter allottees. The Board also approved a corrigendum correcting an earlier proposal to raise borrowing powers – the figure was wrongly stated as Rs. 300 crore and should have read Rs. 3,000 crore, a tenfold increase in authorised borrowing capacity. The MD and Company Secretary were authorised to complete all filings and regulatory actions.
Shareholders should expect equity dilution of 42 lakh shares (at Rs. 50, a premium of 5x face value), with promoter holdings increasing substantially while new non-promoter investors come on board. The corrected borrowing limit of Rs. 3,000 crore signals potential for significantly larger debt raises ahead, which could materially affect leverage and future earnings — a development worth monitoring closely.