Markolines Pavement Technologies Limited (MPTL) has reached a significant milestone in its corporate journey. The company has received approval from the National Stock Exchange (NSE) to list and trade its shares on the mainboard platform, marking a notable advancement in its market presence.

Key Details of the Listing

Company Background

Markolines Pavement Technologies Limited, formerly known as Markolines Traffic Controls Ltd., is headquartered in Navi Mumbai, Maharashtra. The company's operations span various aspects of infrastructure development, with a focus on pavement technologies.

Regulatory Compliance

In adherence to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, MPTL has duly informed the BSE Limited about this development. The company received the approval letter (NSE/LIST/219) from the National Stock Exchange of India Limited on October 3, 2025, confirming the admission of its securities on the NSE Mainboard platform.

Management Statement

Sanjay Patil, Chairman & Managing Director of Markolines Pavement Technologies Limited, signed off on the regulatory filing, underlining the company's commitment to transparency and adherence to listing requirements.

This mainboard listing on the NSE represents a significant step for Markolines Pavement Technologies, potentially offering enhanced visibility and liquidity for its shares. Investors and market participants will be keenly watching the company's performance as it joins the ranks of mainboard-listed entities on one of India's premier stock exchanges.

Markolines Pavement Technologies Limited , a company specializing in pavement technologies, held its 23rd Annual General Meeting (AGM) on September 30, 2025, where shareholders approved all eight resolutions through e-voting. The meeting, conducted via video conferencing and other audio-visual means, saw significant participation with 59.69% of total outstanding shares represented.

Key Approvals

Shareholders gave their nod to several important matters:

1. Financial Statements: The audited consolidated and standalone financial statements for the year ended March 31, 2025, along with the Board of Directors' and Auditors' reports, were adopted.

2. Dividend Declaration: A final dividend of Rs. 1.50 per share (15% on face value of Rs. 10.00) was declared for the financial year 2024-25.

3. Director Re-appointment: Ms. Kirtinandini Patil was re-appointed as a Non-Executive Director of the company.

4. Auditor Appointments:

   • M/s. Jay Gupta & Associates, Chartered Accountants, were re-appointed as Statutory Auditors for a second term of five years, from the conclusion of the 23rd AGM until the 28th AGM in 2030.
   • M/s. DSM & Associates, Company Secretaries, were appointed as Secretarial Auditors for a five-year term from 2025-26 to 2029-30.

Special Resolutions

The shareholders also passed several special resolutions:

1. Borrowing Limits: An increase in the overall borrowing limits of the company under Section 180(1)(c) of the Companies Act, 2013.

2. Asset Charge Creation: Enhanced limits for securitization and creation of charges on the company's assets.

3. Articles of Association Amendment: The Articles of Association were amended to include a new clause (41A) related to the Employee Stock Option Scheme (ESOP).

Voting Results

All resolutions received unanimous approval from the voting shareholders. The voting participation was as follows:

Corporate Governance

The company's commitment to transparency and good corporate governance was evident in the detailed disclosure of voting results and the appointment of auditors. The re-appointment of statutory auditors and the new appointment of secretarial auditors for extended terms demonstrate the company's focus on maintaining consistent financial and secretarial oversight.

Markolines Pavement Technologies Limited continues to evolve its corporate structure, as evidenced by the amendment to its Articles of Association to include provisions for an Employee Stock Option Scheme. This move could potentially align employee interests more closely with those of the company and its shareholders.

The AGM results reflect strong shareholder support for the company's management and strategic direction. With the approval of increased borrowing limits and enhanced securitization capabilities, Markolines Pavement Technologies appears to be positioning itself for potential growth and expansion in the coming years.