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.

Marg Techno Projects reported a 140% increase in net profit to ₹99.19 lakh for the financial year ended March 31, 2026, compared to ₹41.33 lakh in the previous year. Revenue from operations rose 31% to ₹683.69 lakh, driven primarily by a 33% surge in interest income to ₹672.41 lakh. The company’s board approved the audited standalone financial results for the quarter and year ended March 31, 2026, during a meeting held on May 30, 2026.

For the quarter ended March 31, 2026, net profit stood at ₹81.30 lakh, a significant increase from ₹18.71 lakh in the corresponding period of the previous year. Total revenue for the quarter increased to ₹538.42 lakh from ₹190.40 lakh. Interest income for the quarter was ₹522.44 lakh, up from ₹191.52 lakh in the same period last year. The company’s earnings per share (EPS) for the year improved to ₹0.88 from ₹0.58 in the prior year.

Financial Performance

The company’s total assets grew to ₹6,235.62 lakh as of March 31, 2026, up from ₹3,526.85 lakh a year earlier. This increase was largely due to a rise in loans to ₹5,771.09 lakh from ₹3,254.65 lakh. Equity share capital increased to ₹1,420 lakh from ₹1,000 lakh, following the issuance of shares worth ₹2,100 lakh during the year. Borrowings stood at ₹2,695.59 lakh, compared to ₹2,209.42 lakh in the previous year.

Strategic Developments

The board authorized the management to evaluate the feasibility of entering the Buy Now Pay Later (BNPL) and short-term personal loan business segments on a pilot basis. This strategic move aims to explore new business expansion opportunities and assess regulatory requirements. The statutory auditors, Sheladiya & Jyani Chartered Accountants, issued an audit report with an unmodified opinion on the standalone financial results.

Disclosures

The company disclosed that its total financial indebtedness stands at ₹26.96 crore, with no outstanding defaults on loans or debt securities as of the filing date. The statement on the impact of audit qualifications was not applicable as the audit report was unmodified. The company also noted that it would ensure compliance with related party transaction regulations within six months as the threshold limits were exceeded during the financial year.