Summery of Proceedings of 32nd Annual General Meeting of Marg Techno Projects Limited
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Marg Techno Projects Ltd held its 32nd AGM on September 30, 2025, via video conference from 11:00 AM to 11:18 AM. Mr. Akhil Nair chaired the meeting. Shareholders considered the standalone audited financial statements for FY ended March 31, 2025, and the re-appointment of Mr. Akhil Nair as a rotational director. Several special business items were also tabled, including the appointment of Mr. Arun Madhavan Nair as Whole-Time Director, an increase in borrowing limits, and authorization to create security interests on company assets. Notably, the company proposed a preferential allotment of 42 lakh equity shares at Rs. 10 face value plus a Rs. 40 premium to promoters and non-promoters, an increase in authorised share capital to Rs. 30 crore (3 crore shares of Rs. 10 each), and a Qualified Institutions Placement (QIP) to qualified institutional buyers. Mr. Jitendra Bhagat was appointed as Secretarial Auditor and also served as scrutinizer for the e-voting process, with results to be announced within two working days.
The resolutions signal a potential equity dilution through both the preferential issue (42 lakh shares) and the proposed QIP, along with a significant expansion in borrowing capacity. Shareholders should watch for the e-voting results, especially on capital-raising items, as these could affect shareholding structure and stock price.