Pursuant to Regulations 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board Meeting ....
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Marg Techno Projects Limited held a Board Meeting on 6 December 2025 where it allotted 14,00,000 equity shares at Rs. 50 per share (including Rs. 40 premium) on a preferential basis, raising Rs. 7 crore in total. Out of the originally approved 42,00,000 shares, only this first tranche of 14 lakh shares has been allotted now. Promoters Akhil Nair, Arun Madhavan Nair, and Madhavan Kakkat Nair together subscribed to 8,50,000 shares worth Rs. 4.25 crore, while non-promoter Mansukhbhai Mahadevbhai Parejiya subscribed to 5,50,000 shares worth Rs. 2.75 crore. BSE and MSE had already given their in-principle approvals in late November and early December 2025. The Statutory Auditor has confirmed receipt of the full subscription money of Rs. 7 crore.
This is a positive development as the company has successfully raised Rs. 7 crore from promoters and a non-promoter, strengthening its capital base. However, the issuance of 14 lakh new shares will dilute existing shareholders' stakes, and a further 28 lakh shares are still pending allotment under the approved preferential issue, which could lead to additional dilution in the future.