Outcome of Board Meeting by Circulation Dated 11th September, 2025 and Board Meeting Intimation
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 has issued a corrigendum to its earlier intimation (dated 30th August 2025) regarding the proposed allotment of 42,00,000 equity shares. The revised list identifies 10 allottees, including promoter directors Akhil Nair, Madhavan Nair, and Vrutikka Nair, alongside several non-promoter allottees, with subscription amounts ranging from 1 lakh to 10 lakh shares. The board acknowledged that the earlier AGM notice contained errors in allottee details, share quantities, and pre/post shareholding patterns, and will issue a corrigendum and addendum accordingly. A follow-up board meeting has been scheduled for 16th September 2025 at the registered office in Surat at 4:30 PM to finalise the corrected AGM notice.
This is largely an administrative correction rather than a new corporate action — no fresh fundraising or strategic decision is being announced. The clarified allotment list gives shareholders better visibility on promoter participation, but the corrigendum itself is unlikely to move the stock price meaningfully.