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 Limited has secured in-principle approval from BSE Limited and Metropolitan Stock Exchange of India Limited (MSEI) to proceed with a proposed rights issue of fully paid-up equity shares. The approvals allow the company to move forward with raising capital, subject to compliance with regulatory requirements and the completion of post-issue formalities. The Metropolitan Stock Exchange of India Limited has approved a total issue size of up to ₹65,00,00,000.

The company received the approval from BSE Limited via a letter bearing reference number LOD/RIGHT/KS/FIP/176/2026-27 dated May 05, 2026. This permission permits the company to use the exchange's name in its Letter of Offer and related advertisements, provided it includes the specific disclaimer clause mandated by the exchange. BSE stipulated that the company must fix a record date with at least three working days' advance notice and disclose the rights issue price at least three working days prior to that date.

Subsequently, the Metropolitan Stock Exchange of India Limited granted its in-principle approval on June 10, 2026, via reference number MSE/LIST/2026/725. This approval is specifically for a rights issue of equity shares with a face value of ₹[●] each, issued at a premium of ₹[●] per share. The ratio of the issue is yet to be determined, denoted as [●] rights equity shares for every [●] equity shares held by eligible shareholders on the record date.

Both exchanges have imposed strict conditions for the final approval. The company must obtain all statutory approvals from authorities including the Securities and Exchange Board of India (SEBI), the Reserve Bank of India (RBI), and the Ministry of Corporate Affairs (MCA). Compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, is mandatory. Additionally, the company must adhere to specific SEBI circulars dated August 19, 2019, and January 22, 2020.

The exchanges have reserved the right to withdraw the in-principle approval if any information provided by the company is found to be incomplete, incorrect, misleading, or false. Final listing and trading approval will be granted only after the company complies with all post-issue formalities, including the approval of the Basis of Allotment by the Designated Stock Exchange. Marg Techno Projects Limited remains solely responsible for the accuracy of disclosures in the offer documents and any consequences arising from non-compliance.

Key Approval Details