Marg Techno-Projects Limited Clarifies Recent Share Price Movement to BSE

Marg techno projects Limited has issued a formal clarification to BSE Limited regarding significant movement in its share price, responding to the exchange's inquiry dated March 20, 2026. The company's Managing Director Akhil Nair signed the clarification on March 23, 2026.

Company's Response to BSE Inquiry

The clarification was issued under BSE Security Code 540254, addressing the exchange's concerns about recent price volatility. The company emphasized its compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, which mandates disclosure of material events and price-sensitive information.

Parameter:	Details
BSE Security Code:	540254
Inquiry Date:	March 20, 2026
Response Date:	March 23, 2026
Signatory:	Akhil Nair, Managing Director
DIN:	07706503

Market-Driven Price Movement

The company attributed the share price movement to market-driven factors and general market conditions. Management stated that these price fluctuations are beyond the company's control and reflect broader market dynamics rather than any specific corporate developments.

Regulatory Compliance Commitment

Marg Techno-Projects Limited reiterated its commitment to maintaining transparency with stock exchanges. The company assured continued compliance with SEBI regulations, promising timely disclosure of all price-sensitive information as and when required under Regulation 30 of the SEBI Listing Regulations.

The clarification document was digitally signed by Managing Director Akhil Nair on March 23, 2026, at 19:15:10 +05'30', ensuring proper authentication and regulatory compliance.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-7.30%	-24.06%	-29.81%	-59.77%	-39.10%	+318.36%

Marg Techno-Projects Limited has successfully concluded its board meeting held on March 20, 2026, approving significant corporate restructuring initiatives including capital enhancement and fund raising activities. The meeting, which commenced at 4:00 PM and concluded at 6:00 PM at the company's registered office, addressed multiple strategic decisions that will shape the company's future growth trajectory.

Capital Structure Enhancement

The board has approved a substantial increase in the company's authorized share capital from ₹30.00 crores to ₹45.00 crores, demonstrating confidence in future expansion plans.

Parameter:	Current Structure	Proposed Structure
Authorized Capital:	₹30.00 crores	₹45.00 crores
Number of Shares:	3.00 crores	4.50 crores
Face Value per Share:	₹10.00	₹10.00
Additional Shares Created:	-	1.50 crores

The increase will facilitate future fund raising activities through equity share issuance by creating additional 1.50 crores equity shares of ₹10.00 each, subject to shareholder approval.

Rights Issue Approval

The board has approved a comprehensive fund raising initiative through rights issue worth up to ₹65.00 crores, providing existing shareholders with preferential investment opportunities.

Rights Issue Details:	Specifications
Issue Size:	Up to ₹65.00 crores
Security Type:	Equity shares of ₹10.00 face value
Issue Method:	Rights basis to eligible shareholders
Regulatory Framework:	Section 62(1)(a) of Companies Act, 2013
SEBI Compliance:	Issue of Capital and Disclosure Requirements Regulations, 2018

The rights issue will be offered to eligible equity shareholders as on the record date, which will be notified subsequently, subject to receipt of necessary regulatory and statutory approvals.

Leadership Transition

The board has implemented significant changes in the Chief Financial Officer position, ensuring continuity in financial leadership through simultaneous resignation and appointment.

New CFO Appointment

CFO Details:	Information
Name:	Mr. Arun Madhavan Nair
Effective Date:	March 20, 2026
Educational Background:	B.Sc MA degree, Company Secretary Foundation
Experience:	8 years in NBFC Sector, IT Sector experience
Relationship:	Brother of Managing Director Akhil Nair
Additional Role:	Also serves as Whole-Time Director

CFO Resignation

Mrs. Chhayaba Balbhadrasinh Dodiya resigned from the Chief Financial Officer position with effect from close of business hours on March 20, 2026, citing personal reasons. She confirmed that there are no other material reasons for her resignation beyond those mentioned.

Business Expansion and Governance

The board approved several strategic initiatives including alterations to the Memorandum of Association and remuneration adjustments for key management personnel.

New Business Objects

The board approved adding three new business objects under "matters which are necessary for furtherance of the objects" in the Memorandum of Association:

Business Area:	Description
BBPOU Services:	Bharat Bill Payment Operating Unit under BBPS framework
Fintech Platform:	Development of financial technology solutions
Digital Infrastructure:	Payment and collection services infrastructure

Remuneration Increases

The board approved increased remuneration for key management personnel, subject to shareholder approval:

Mr. Akhil Nair (Managing Director)
Mr. Arun Madhavan Nair (Whole-Time Director)
Mr. Dhananjayan Kakkat Nair (Whole-Time Director)

Extraordinary General Meeting

To obtain necessary shareholder approvals for the proposed resolutions, the board has scheduled an Extraordinary General Meeting.

EGM Details:	Information
Meeting Date:	Friday, April 17, 2026
Meeting Time:	11:00 AM
Venue:	Registered Office of the Company
Scrutinizer:	M/s. Bhagat Associates, Practicing Company Secretaries
Scrutinizer Credentials:	FCS: 3032 and CP. No. 1311

The company has appointed M/s. Bhagat Associates as scrutinizer to ensure fair and transparent remote e-voting process for the EGM proceedings.

Regulatory Compliance

All announcements have been made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has formally notified BSE Limited and Metropolitan Stock Exchange of India Limited about the board meeting outcomes and scheduled EGM, ensuring full regulatory compliance.