Outcome of board meeting held on 8th September, 2025.
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The Board of Directors of Markolines Pavement Technologies met on 8th September 2025 and approved several key items. The 23rd Annual General Meeting (AGM) has been scheduled for 30th September 2025 at 11:30 a.m. via video conferencing, with 19th September 2025 set as the record date for the final dividend. The Board recommended the reappointment of Mrs. Kirtinandini Patil as Non-Executive Director (retiring by rotation) and the appointment of M/s. Jay Gupta & Associates as statutory auditor and M/s. DSM & Associates as secretarial auditor, both for a second term of 5 years. The Board also approved an increase in overall borrowing limits under Section 180(1)(c) and limits for creating charges on assets under Section 180(1)(a), along with an alteration to the Articles of Association to add a new clause pertaining to ESOP. The Directors' Report and Secretarial Audit Report for FY ended 31st March 2025 were also approved.
Shareholders should note the record date of 19th September 2025 for dividend eligibility, and the upcoming AGM on 30th September 2025 where they can vote on key resolutions including the proposed ESOP scheme and higher borrowing limits. The proposed increase in borrowing capacity and introduction of an ESOP could signal growth plans and future capital raising activity.