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 approved issuing 42,00,000 equity shares on a preferential basis at Rs. 50 per share (face value Rs. 10), raising approximately Rs. 21 crore. Promoters Akhil Nair and Arun M Nair will subscribe to 30 lakh shares worth Rs. 15 crore, while three non-promoters (Vrutika Shah, Sumita Mishra, and Satyajit Mishra) will take the remaining 12 lakh shares worth Rs. 6 crore. To accommodate this issuance, the company plans to increase its authorized capital from Rs. 11 crore to Rs. 30 crore. The issue price was determined as per SEBI's Chapter V pricing formula based on a valuation report. Additionally, the board approved the 32nd AGM for September 30, 2025, fixed the record date as September 23, 2025, and appointed Mr. Jitendra Bhagat as the new secretarial auditor for a 5-year term.
This preferential allotment will dilute existing shareholders by roughly 30% (paid-up capital rising from Rs. 10 crore to about Rs. 14.2 crore). However, promoter participation of about 71% of the issue signals management confidence and strengthens their holding. Existing investors should compare the Rs. 50 issue price with the prevailing market price to assess whether the allotment terms are favorable.