Company Overview

Marg Techno Projects Limited has successfully completed its preferential allotment of equity shares, raising ₹7.00 crores through the issuance of 14.00 lakh equity shares. The board meeting held on December 12, 2025, from 4:00 PM to 4:30 PM, formally approved and took on record the completion of the preferential allotment process.

Promoter Stake Enhancement

Madhavan Kakkat Nair, a promoter of Marg Techno Projects Limited, has significantly increased his shareholding through the recent preferential allotment. The acquisition was completed on December 6, 2025, as part of the company's fund-raising initiative.

Share Allotment Details

The complete allotment details show the distribution among various allottees:

Capital Structure Changes

The preferential allotment has resulted in changes to the company's capital structure. The equity share capital increased from ₹10.00 crores to ₹11.40 crores, consisting of 1,14,00,000 equity shares of face value ₹10.00 each, fully paid.

Issue Structure and Pricing

Each equity share was priced at ₹50.00, which includes a premium of ₹40.00 per share over the face value of ₹10.00. The allotment was made on a preferential basis to both promoter and non-promoter categories, with promoters receiving 5.50 lakh shares and non-promoters receiving 8.50 lakh shares.

Regulatory Compliance

The disclosure was made under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company has authorized key executives to file necessary applications with BSE and MSE for listing and trading approval of the newly allotted shares, ensuring full regulatory compliance.

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, made a crucial correction to its borrowing powers limit, and provided an update on the utilization of funds from the preferential issue.

Preferential Share Issue and Fund Utilization

The board of Marg Techno Projects Limited has approved a preferential issue of 42,00,000 equity shares at Rs 50.00 per share, aiming to raise Rs 21.00 crore. This strategic move involves both promoters and non-promoters, with the following key allocations:

The company has informed BSE that the proceeds from the Rs 21.00 crore preferential issue will be utilized for purposes stated in the original notice points a, f, g, and c, with a 20% deviation allowed in fund allocation. Notably, the company has decided to drop its investment plan in acquiring the company mentioned in point j for the time being.

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 300.00 crore in a previous board meeting, has been corrected to Rs 3,000.00 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, the updated fund utilization plan, 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.