Markolines Pavement Technologies Limited has informed the Exchange regarding 'General Updates as to Scheme of Amalgamation documents filed by the Company'.
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Markolines Pavement Technologies Limited has submitted the Scheme of Amalgamation documents (merging Markolines Infra Limited into itself) to both NSE and BSE as required, following the board's approval on 6th March 2026. The company also clarified a clerical error from its earlier filing — the correct SEBI-registered Category I Merchant Banker that issued the fairness opinion on the share exchange ratio is Sobhagya Capital Options Private Limited, not Aftertrade Broking Private Limited. The fairness opinion confirms the share exchange ratio is fair from a financial point of view.
This is a procedural update confirming the amalgamation process is moving forward through required exchange filings. Shareholders should note the merger still needs NCLT and shareholder approvals before becoming effective. No change in the share exchange ratio itself — only a correction of the merchant banker's name.