Marg Techno Projects Limited has fixed Saturday, June 20, 2026, as the record date to determine eligible shareholders for its rights issue of 6,39,00,000 fully paid-up equity shares at an issue price of ₹10 each, aggregating to ₹63,90,00,000. The rights entitlement ratio is set at 9 rights equity shares for every 2 equity shares held. The issue is backed by in-principle approvals from BSE Limited and Metropolitan Stock Exchange of India Limited (MSEI).

The board meeting, held on June 16, 2026, approved the 'Letter of Offer' for filing with the designated stock exchange, BSE Limited. The issue proceeds will support the company's capital structure, with the issue opening on June 29, 2026, and closing on July 6, 2026. The International Securities Identification Number (ISIN) for the credit of dematerialized rights entitlements is INE245H20018.

Key Issue Details

The company currently has 1,42,00,000 outstanding equity shares of face value ₹10 each, which will increase to 7,81,00,000 fully paid equity shares upon full subscription. Shareholders with holdings not in multiples of two will have fractional entitlements ignored but may receive preferential consideration for additional shares. The rights entitlements will be credited to demat accounts prior to the issue opening date.

Marg Techno Projects secured shareholder approval to increase its authorised share capital and amend the capital clause of its Memorandum of Association during the 2nd Extra-Ordinary General Meeting (EOGM) for FY26-27. The resolution was passed with a requisite majority, enabling the company to expand its equity base. The meeting was conducted via video conferencing on June 10, 2026, with voting conducted through remote e-voting and electronic means at the venue.

The scrutinizer's report, submitted by Jitendra Ramanlal Bhagat of Bhagat Associates, confirmed the outcome. A total of 36 members participated in the voting process, casting 11,801,455 votes in favour of the resolution. There were no votes cast against the proposal. The remote e-voting facility was open from June 7, 2026, to June 9, 2026, and the e-voting facility at the venue was available during the meeting.

The resolution required an ordinary majority to pass. The approval allows the company to alter its capital structure, a move aimed at supporting future financial requirements. The votes were unblocked in the presence of two witnesses, Hiral Rana and Jagdish Rana, who are not in the employment of the company.

The detailed voting results showed that 24 members voted via remote e-voting and 12 members voted at the venue. The total number of members entitled to vote was 1,631, as per the benpos statement received from the Registrar and Transfer Agent. The summary of the proceedings has been submitted to BSE Limited and the Metropolitan Stock Exchange of India Limited.