The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Madhavan Kakkat Nair
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Madhavan Kakkat Nair, part of the promoter group of Marg Techno Projects Ltd, acquired 5,00,000 equity shares (4.39%) through a preferential allotment on 6 December 2025. His holding in the company rose from 9,46,310 shares (9.46%) to 14,46,310 shares (12.69%). The company's total equity share capital expanded from Rs. 10 crore (1 crore shares) to Rs. 11.40 crore (1.14 crore shares) of Rs. 10 face value. The disclosure was filed with BSE and MSE under Regulation 29(2) of SEBI's SAST Regulations, 2011.
The promoter's increased stake signals continued confidence in the company and strengthens promoter control, though the holding remains well below 50%. The preferential allotment also dilutes existing minority shareholders, which may be viewed cautiously by them.