Markolines Pavement Technologies Limited has successfully completed the conversion of 22,800 convertible warrants into equity shares, as announced following a board meeting held on January 30, 2026. The conversion represents a significant corporate action that strengthens the company's equity base through the participation of non-promoter investors.

Warrant Conversion Details

The board of directors approved the conversion of warrants in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 and relevant provisions of the Companies Act, 2013. The conversion was executed under a preferential allotment structure, ensuring compliance with regulatory requirements.

Allotment Structure

The entire warrant conversion was allocated to a single non-promoter investor, demonstrating focused participation in the company's equity expansion. The allotment details reflect a complete exercise of available warrants by the investor.

Regulatory Compliance

The conversion process adhered to multiple regulatory frameworks, ensuring transparency and compliance with market regulations. The company fulfilled disclosure requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, providing comprehensive details of the transaction.

Key regulatory aspects include:

• Compliance with SEBI ICDR Regulations for warrant conversion
• Adherence to Companies Act, 2013 provisions
• Full disclosure under Schedule III Part A requirements
• Proper documentation and board approval processes

Financial Impact

The warrant conversion generated Rs.28,21,500 for the company, representing 75% of the issue price per warrant as prescribed under Regulation 169 of the SEBI ICDR Regulations. This capital infusion strengthens the company's financial position while expanding its equity base through non-promoter participation.

The board meeting commenced at 11:30 A.M. and concluded at 12:30 P.M., with Chairman & Managing Director Sanjay Patil overseeing the proceedings. The successful completion of this warrant conversion demonstrates the company's ability to execute corporate actions efficiently while maintaining regulatory compliance.

Markolines Pavement Technologies has announced securing multiple work orders worth ₹12.32 crores from five major infrastructure development entities. The company disclosed these orders through a regulatory filing under SEBI Regulation 30, highlighting significant business wins across diverse infrastructure segments with completion deadlines spanning January to April 2026.

Detailed Order Breakdown

The work orders have been awarded by five prominent clients in the infrastructure sector with specific completion timelines:

Enhanced Order Book Position

With these fresh contract wins, Markolines' unexecuted order book now stands at over ₹365 crores as of November 2025. This substantial order book reflects sustained demand for the company's specialized road preservation solutions and execution capabilities across national highway and expressway projects.

The diversified client portfolio includes expressway developers, road infrastructure companies, port authorities, and technology infrastructure firms, demonstrating the broad applicability of Markolines' pavement technology services across multiple infrastructure verticals.

Management Commentary

Commenting on the developments, Mr. Sanjay Patil, Chairman and Managing Director, stated that the continued flow of new orders reflects growing confidence of leading infrastructure developers in the company's execution capabilities and technical expertise. He emphasized that Markolines' strong positioning in specialized, time-sensitive and technology-driven pavement maintenance solutions places it well to capitalize on increasing investments in highway and expressway asset preservation across the country.

Strategic Market Position

These work orders reinforce Markolines Pavement Technologies' presence across key infrastructure segments. The company's involvement with major entities like Jawaharlal Nehru Port Authority, along with expressway and road infrastructure developers, highlights its capability to handle diverse pavement technology requirements across critical infrastructure projects with stringent delivery timelines.