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Marg Techno Projects Ltd held its 2nd EGM for F.Y. 2026-27 on June 10, 2026, via video conferencing, lasting about 12 minutes (11:02 AM to 11:14 AM). The meeting was chaired by Managing Director Akhil Nair. The only business item transacted was an Ordinary Resolution to increase the Authorised Share Capital of the Company and make a consequential amendment to the Capital Clause of the Memorandum of Association. Remote e-voting was open from June 7 to June 9, 2026, with Mr. Jitendra R. Bhagat appointed as scrutinizer. Voting results are to be declared within two working days on the company's website, BSE, MSEI, and CDSL.
An increase in authorised share capital is a routine corporate housekeeping step that gives the company flexibility to issue more shares in the future (such as for fundraising, a bonus issue, or a stock split), but it does not by itself change anything for current shareholders. The actual outcome and dilution impact will depend on any subsequent board action to issue the newly authorised shares.