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.

Marg Techno-Projects Limited ( marg techno projects ) reported a substantial increase in profitability for the first quarter of FY27, with net profit rising to ₹102.19 lakh for the period ended June 30, 2026. This compares to a net profit of ₹7.98 lakh in the same quarter of the previous fiscal year, reflecting a robust improvement in operational efficiency and revenue generation.

The company’s Board of Directors, in a meeting held on August 12, 2026, approved the unaudited standalone financial results. The results were reviewed by Sheladiya and Jyani, Chartered Accountants, Surat, who issued a limited review report pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

Revenue from operations increased to ₹252.20 lakh in Q1FY27, up from ₹128.62 lakh in Q1FY26. This growth was primarily driven by interest income, which rose to ₹250.47 lakh from ₹126.24 lakh in the prior year period. Fees and commission income remained relatively stable at ₹1.73 lakh.

Total expenses remained largely flat at ₹117.97 lakh, compared to ₹117.80 lakh in the previous year. Finance costs increased slightly to ₹72.02 lakh from ₹66.57 lakh, while employee benefit expenses rose marginally to ₹25.67 lakh. Other expenses decreased significantly to ₹16.29 lakh from ₹23.22 lakh, contributing to the improved bottom line.

What the Numbers Show

The divergence between revenue growth and expense stability highlights a significant expansion in operating leverage. While total income nearly doubled, total expenses remained virtually unchanged, leading to a disproportionate rise in profit before tax. Interest income constitutes approximately 99% of total revenue, indicating a high dependency on financial assets or lending activities for primary earnings generation.

Balance Sheet and Debt

As per the integrated filing, the company’s total financial indebtedness stood at ₹30.62 crore. Outstanding loans and revolving facilities from banks and financial institutions were reported at ₹0.12 crore, with no defaults recorded. There were no outstanding unlisted debt securities such as NCDs or NCRPS.

Earnings per equity share (face value ₹10) rose to ₹0.72 in Q1FY27, compared to ₹0.08 in the corresponding period of FY26. The diluted EPS remained identical at ₹0.72.