Marg Techno-Projects Limited passed all six resolutions at its 33rd Annual General Meeting held on September 30, 2026, including the voluntary delisting of its equity shares from the Metropolitan Stock Exchange of India (MSEI), with the company continuing its listing on BSE Limited.

The meeting was conducted via video conferencing and commenced at 11:00 am, concluding at 11:11 am. A total of 2,583 members were on record as on the cut-off date of September 23, 2026. Of these, 32 members attended the meeting and 51 members exercised their right to e-voting. Remote e-voting was open from September 27, 2026 (9:00 am) to September 29, 2026 (5:00 pm), with live e-voting also available to members present at the AGM. Votes were unblocked on September 30, 2026 at 11:18 am in the presence of two independent witnesses.

Key resolutions passed

Shareholders voted on six agenda items covering financial approvals, board changes, and the MSEI delisting. The scrutinizer's report, submitted by Jitendra Ramanlal Bhagat of Bhagat Associates, Company Secretary, Surat, confirmed all resolutions were duly passed with the requisite majority.

Voting results by resolution

For Items 1 through 5, voting patterns were identical: 48 members cast 30,970,949 votes in favour via remote e-voting, while 3 members cast 112,001 votes against. No invalid votes were recorded for any of these resolutions. The delisting resolution (Item 6) saw a different pattern, with 43 members casting 27,935,185 votes in favour and 8 members casting 3,147,765 votes against via remote e-voting. No e-voting or poll votes were recorded for any resolution.

Governance and board changes

The board composition saw significant updates through special resolutions. Pankaj Jadhav and Deepa Nair were re-appointed as Independent Director and Women Independent Director, respectively. Harsh Chauhan was appointed as a new Independent Director. Arun Madhavan Nair was re-appointed as a director in place of himself, having retired by rotation.

Voting process and compliance

The scrutiny of votes was conducted by Jitendra Ramanlal Bhagat, appointed as external scrutinizer pursuant to Sections 108 and 109 of the Companies Act, 2013, read with Rules 20 and 21 of the Companies (Management and Administration) Rules, 2014. Voting data was sourced from the e-voting platform of Central Depository Services (India) Limited (CDSL). All papers and relevant records relating to remote e-voting were sealed and handed over to Akhil Nair, Chairman and Managing Director (DIN: 07706503), for safe keeping. The company confirmed that all regulatory requirements under SEBI Listing Obligations were met during the virtual meeting.

Marg Techno-Projects has scheduled its 33rd Annual General Meeting (AGM) for September 30, 2026. The meeting will address critical governance changes, including the voluntary delisting of equity shares from the Metropolitan Stock Exchange of India (MSEI) without an exit offer to shareholders, while retaining its listing on BSE Limited.

The e-voting window opens at 9:00 am on September 27, 2026, and closes at 5:00 pm on September 29, 2026. Shareholders holding shares as of the record date, September 23, 2026, are eligible to vote. The book closure period runs from September 24 to September 30, 2026.

Board Meeting Outcomes

The board meeting held on September 3, 2026, concluded with several key approvals:

• Delisting Proposal: Approved voluntary delisting from MSEI without an exit offer to shareholders, citing limited trading activity and liquidity on the exchange.
• Director Appointments: Appointed Mr. Harsh Chauhan as an additional non-executive independent director for a five-year term, effective September 3, 2026, subject to shareholder approval via special resolution.
• Re-appointments: Re-appointed Shri Pankaj Jadhav and Smt. Deepa Nair for their second terms as independent directors, pending shareholder approval.
• Ordinary Business: Considered the re-appointment of Mr. Arun Madhavan Nair, who retires by rotation.
• Compliance Reports: Approved the Directors Report and Secretarial Audit Report for the financial year ended March 31, 2026.

AGM and Governance Updates

The AGM will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM) at 11:00 am on September 30, 2026. Shareholders can access e-voting facilities via NSDL and CDSL platforms. Mr. Jitendra Bhagat, a practicing company secretary, was appointed as the scrutinizer to oversee the e-voting process in compliance with the Companies Act, 2013. Results will be declared on or before October 3, 2026.

Following Mr. Chauhan’s appointment, the board reconstituted its committees:

Mr. Chauhan brings five years of experience across finance, banking, and IT sectors. Mr. Jadhav has over 15 years of business experience and 13 years in corporate governance. Ms. Nair possesses eight years of business experience and over five years in corporate governance.