NewsCorporate ActionsMarg Techno Projects Clarifies Details of 42 Lakh Equity Share Preferential AllotmentMarg Techno Projects Clarifies Details of 42 Lakh Equity Share Preferential Allotment
Marg Techno Projects Limited has clarified its proposed preferential allotment of 42,00,000 equity shares to ten investors, including both promoters and non-promoters. The allotment ranges from 1,00,000 to 10,00,000 shares per investor. The company's board will meet on September 16, 2025, to revise the AGM Notice for the 32nd Annual General Meeting. A corrigendum and addendum will be issued to provide accurate details on allottees, share numbers, and shareholding patterns.
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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:
| 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 |
|---|---|---|---|---|---|
| -0.51% | +0.68% | +7.87% | +64.00% | +38.51% | +628.89% |
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