Outcome on 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.
The Board of Marg Techno Projects met on December 9, 2025 and approved the allotment of 14,00,000 equity shares on a preferential basis, out of the 42,00,000 shares previously authorised. The shares were issued at Rs. 50/- each (Rs. 10/- face value + Rs. 40/- premium), raising a total of Rs. 7 crores, with the receipt of subscription money confirmed by a Statutory Auditor certificate dated December 9, 2025. The allottees include 2 promoters — Akhil Nair and Arun Madhavan Nair (4,00,000 shares each, Rs. 2 crore each) — and 2 non-promoters — Shashwat Shrikhande and Saurabh Gupta (3,00,000 shares each, Rs. 1.5 crore each). The Board authorised the Managing Director (Akhil Nair), Director (Arun Madhavan Nair), and Company Secretary (Divya Shah) to file applications with BSE, MSE, and MCA for listing, trading approval, and other formalities. The funds are to be utilised for the purposes approved by members at the Annual General Meeting.
This is a dilutive equity issuance — existing shareholders will see their percentage holding reduced, although the company is strengthening its capital base by raising Rs. 7 crores. Promoters are participating meaningfully (8,00,000 of 14,00,000 shares), which signals insider confidence, though investors should track the subsequent share price reaction once trading approval is granted by the exchanges.