OUTCOME OF THE BOARD MEETING HELD ON 30.08.2025
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Marg Techno Projects' board, meeting on 30 August 2025, approved a preferential allotment of 42,00,000 equity shares at Rs. 50 per share (face value Rs. 10), raising approximately Rs. 21 crore. Of these, 30 lakh shares will go to promoters Akhil Nair (20 lakh) and Arun M Nair (10 lakh), while 12 lakh shares are earmarked for three non-promoter allottees. To accommodate the issue, the board proposed raising authorised capital from Rs. 11 crore to Rs. 30 crore, subject to shareholder and other approvals. Existing paid-up capital stands at Rs. 10 crore (1 crore shares), so the allotment will result in roughly 30% dilution. Promoter Akhil Nair's holding will rise from about 10.18 lakh to 30.18 lakh shares. The board also approved the Board's Report and Secretarial Audit Report for FY25, appointed Mr. Jitendra Bhagat as Secretarial Auditor for five years (FY26–FY30), and fixed the 32nd AGM on 30 September 2025 via video conferencing, with the cut-off date as 23 September 2025 and book closure from 24–30 September 2025.
The Rs. 21 crore preferential raise will dilute existing shareholders by roughly 30%, though promoter participation (over 71% of the issue) signals insider confidence. Existing shareholders will vote on the capital increase and preferential allotment at the upcoming AGM, and the stock may see short-term pressure depending on perceived fairness of the Rs. 50 issue price versus prevailing market price.