NewsCorporate ActionsMarg Techno Projects Receives BSE Approval for Rs 21 Crore Preferential Share IssueMarg Techno Projects Receives BSE Approval for Rs 21 Crore Preferential Share Issue
Marg Techno Projects Limited received in-principle approval from BSE to issue 42,00,000 equity shares at a minimum price of Rs 50 each on a preferential basis. The allotment includes shares to both promoters and non-promoters. The company's board is set to meet on September 16, 2025, to review the AGM Notice for the 32nd Annual General Meeting. A corrigendum and addendum will be issued to provide accurate details about the proposed allottees, share allocation, and changes in shareholding pattern.
*this image is generated using AI for illustrative purposes only.
Marg Techno Projects Limited has received in-principle approval from BSE on November 28, 2025, to issue 42,00,000 equity shares of Rs 10 each at a minimum price of Rs 50 to promoters and non-promoters on a preferential basis. This approval allows the company to raise funds through preferential allotment while requiring compliance with regulatory requirements and obtaining separate listing approval after allotment.
Allotment Details
The company has released a detailed breakdown of the proposed allotment:
| Allottee Name | Category | PAN | No. of Equity Shares |
|---|---|---|---|
| Akhil Nair | Promoter | AXRPN2910J | 10,00,000 |
| Arun Madhavan Nair | Promoter | MAPN6832F | 10,00,000 |
| Madhavan Kakkat Nair | Promoter | AVPN0170D | 5,00,000 |
| Vrutika Kishorbhai Siyani | Non-Promoter | ISUPS2212E | 1,50,000 |
| Sumita Mishra | Non-Promoter | JSPM7729F | 1,00,000 |
| Satyajit Mishra | Non-Promoter | AUPM3959J | 1,00,000 |
| Mansukhbhai Parejiya | Non-Promoter | ALSPP8710D | 5,50,000 |
| Mahadevbhai Parande | Non-Promoter | DDPS1462Q | 3,00,000 |
| Shashwat Shrikhande | Non-Promoter | XCPG8667D | 3,00,000 |
| Roopali Jain | Non-Promoter | AXZPJ5503F | 2,00,000 |
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:
- Proposed Allottees
- Number of Shares Allotted
- Pre-Post Allotment of Shares
- Percentage of Pre and Post shareholding
- 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.
Historical Stock Returns for Marg Techno Projects
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -7.12% | -3.91% | +19.74% | +19.45% | +1,372.49% |
16
