Raising of Funds
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 7.9 pts more than Nifty Microcap 250 and 6.0 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Marg Techno Projects' board, at its March 20, 2026 meeting, approved a Rights Issue of equity shares (face value Rs. 10) to raise up to Rs. 65 crore from existing shareholders, subject to regulatory and shareholder approvals. To facilitate the raise, authorised capital is being increased from Rs. 30 crore (3 crore shares) to Rs. 45 crore (4.5 crore shares), also pending shareholder approval. An EGM has been called for April 17, 2026 to seek member consent. The board also appointed Mr. Arun Madhavan Nair as the new CFO in place of the resigning Mrs. Chhayaba Balbhadrasinh Dodiya, approved an increase in remuneration for the MD and two Whole-Time Directors, and added new business objects covering fintech, BBPS (Bharat Bill Payment), and digital payment infrastructure services.
The Rights Issue, if fully subscribed, will bring in up to Rs. 65 crore but will dilute existing shareholders based on their entitlement. The authorised capital hike signals intent for further fundraising. Leadership is consolidating around the promoter family, with a director's brother being appointed as CFO.