Marg Techno Projects Limited , a Surat-based company, has announced significant corporate actions that could reshape its financial structure and ownership. The company's board has ratified a preferential issue of equity shares and made a crucial correction to its borrowing powers limit.

Preferential Share Issue

The board of Marg Techno Projects Limited has approved a preferential issue of 42,00,000 equity shares at Rs 50 per share, aiming to raise Rs 21.00 crore. This strategic move involves both promoters and non-promoters, with the following key allocations:

This allotment will significantly impact the shareholding structure of the company. For instance, promoter Akhil Nair's shareholding will increase from 10,18,190 to 20,18,190 shares post-allotment.

Correction in Borrowing Powers Limit

In a notable development, the board has rectified an error in its previous resolution regarding the company's borrowing powers. The limit, which was incorrectly stated as Rs 300 crore in a previous board meeting, has been corrected to Rs 3,000 crore. This tenfold increase in the borrowing limit could potentially provide the company with greater financial flexibility for future operations and expansions.

Additional Board Decisions

The board has also approved a corrigendum to the earlier circulated agenda related to the preferential issue, incorporating necessary clarifications and modifications. Furthermore, the board has authorized the Managing Director and Company Secretary to complete all required regulatory filings and formalities associated with these decisions.

These corporate actions, particularly the preferential issue and the corrected borrowing limit, may have significant implications for Marg Techno Projects Limited's financial strategy and capital structure going forward. Investors and stakeholders will likely be watching closely to see how these decisions impact the company's future growth and operational capabilities.

Marg Techno Projects Limited has provided clarification on the details of its proposed preferential allotment of equity shares to both promoter and non-promoter category investors. The company plans to issue a total of 42,00,000 equity shares to ten individuals, with allocations ranging from 1,00,000 to 10,00,000 shares per allottee.

Allotment Details

The company has released a detailed breakdown of the proposed allotment:

Board Meeting and AGM Notice

The board of Marg Techno Projects has scheduled a meeting for September 16, 2025, at 4:30 PM at the company's registered office. The purpose of this meeting is to revisit the AGM Notice for the upcoming 32nd Annual General Meeting.

Corrigendum and Addendum

The company secretary has been authorized to issue a corrigendum and addendum to the notice. This will be placed before the members for consideration and will include the correct details regarding:

1. Proposed Allottees
2. Number of Shares Allotted
3. Pre-Post Allotment of Shares
4. Percentage of Pre and Post shareholding
5. Percentage change in Shareholding Pattern

This clarification comes in connection with the Notice and Outcome of the board meeting dated August 30, 2025, and aims to provide accurate information to shareholders and regulatory bodies.

Akhil Nair, the Managing Director of Marg Techno Projects Limited, has signed off on this clarification, emphasizing the company's commitment to transparency and accurate disclosure of information to its stakeholders.