Markolines Pavement Technologies Limited has informed the Exchange regarding the correct Share Exchange Ratio approved by the Board in its meeting held on 6th March 2026 and as per the latest valuation report is: 1:1.05 i.e. for every one existing equity share of Markolines Infra Limited, shareholder will receive 1.05 equity shares of Markolines Pavement Technologies Limited
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The company is correcting a clerical error from its earlier board meeting outcome dated 6th March 2026. The correct share exchange ratio for the Scheme of Amalgamation of Markolines Infra Limited with Markolines Pavement Technologies Limited is 1:1.05, not 1:1.15 as previously disclosed. The earlier 1:1.15 ratio pertained to a previously filed scheme that was mistakenly reproduced. As per the latest valuation report, for every one equity share of Markolines Infra Limited, shareholders will receive 1.05 equity shares of Markolines Pavement Technologies Limited.
This is a rectification of an earlier filing, not a fresh announcement. The revised ratio is slightly less favourable to Markolines Infra shareholders than the erroneously disclosed figure. Shareholders of both entities should track the progress of the amalgamation scheme and the final NCLT approvals.