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Marg Techno Projects Limited held its 32nd Annual General Meeting on September 30, 2025, via Video Conference, where all 11 resolutions were passed with the requisite majority. Out of 1,437 eligible shareholders as on the record date (September 23, 2025), 54 members exercised their e-voting rights, casting a total of 84,93,373 votes. Key resolutions include adoption of FY25 audited financials (100% in favour), re-appointment of Mr. Akhil Nair as Director (99.99%), appointment of Mr. Arun Madhavan Nair as Whole-Time Director (100%), enhancement of borrowing limits (100%), and increase in authorised share capital up to Rs. 30 crore (100%). A significant resolution was the preferential allotment of 42,00,000 equity shares at Rs. 50 per share (Rs. 10 face value + Rs. 40 premium) to Promoters and Non-Promoters, which passed with 99.99% approval. Additionally, shareholders approved a QIP route for issuing securities to qualified institutional buyers.
The preferential issue of 42 lakh shares at a premium will dilute existing shareholders' stakes but brings in fresh capital for the company. The increased borrowing limits and authorised share capital give the company greater financial flexibility for future expansion or fundraising, while the near-unanimous approval signals strong promoter and shareholder confidence in management decisions.