Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, ('Listing ....
MARKOLINES · price
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The Board of Markolines Pavement Technologies Limited approved a scheme of amalgamation to merge Markolines Infra Limited (Transferor) into itself (Transferee), both operating in the highway infrastructure space. Under the scheme, shareholders of Markolines Infra will receive 1.15 equity shares of Markolines Pavement for every 1 share held, with no cash consideration. The appointed date is April 1, 2025. Post-merger, total shares will rise from 2.20 crore to 3.83 crore, with promoter holding increasing from 58.14% to 61.43% and public shareholding diluting from 41.86% to 38.57%. The merger combines Markolines Pavement's construction and rehabilitation expertise with Markolines Infra's toll operations and route patrolling business, aiming to create the only full-spectrum highway O&M services provider in India. The scheme is subject to NCLT, SEBI, and stock exchange approvals.
For shareholders, this is a share-based, all-stock merger that will dilute existing holdings by about 24% (post-scheme public shareholding drops to 38.57%) but brings complementary businesses under one roof. Combined revenues and assets (Markolines Infra had Rs.6,558 lakh turnover and Rs.6,434 lakh in assets as of Sep 2024) could strengthen the merged entity's scale, though the deal is still subject to regulatory clearances.