Markolines Pavement Technologies Limited has announced securing a new order worth ₹3.51 crore from NCC Limited for earth piling works in Mumbai. This development comes as a positive signal for the company, whose market capitalization currently stands at ₹327.00 crore.

Order Details

The company disclosed the following key details about the new order:

• Client: NCC Limited (formerly Nagarjuna Construction Company Limited)
• Project: Earth Piling Works at 454 MLD Malad WwTF Project
• Order Value: ₹3,51,26,240 (inclusive of GST)
• Completion Deadline: September 30, 2025

Project Significance

This order is part of the 454 MLD (Million Liters per Day) Malad Wastewater Treatment Facility project, indicating Markolines' involvement in crucial infrastructure development in the Mumbai metropolitan area. The earth piling works are essential for establishing a strong foundation for the wastewater treatment facility.

Company's Order Book

With this new addition, Markolines has further strengthened its order book. The company reported that its total unexecuted order book as of the announcement date stands at over ₹400.00 crore, showcasing a robust pipeline of projects.

Market Position

The ₹3.51 crore order, while relatively small compared to the company's market capitalization of ₹327.00 crore, represents Markolines' continued ability to secure contracts in the infrastructure sector. This order win may be seen as a positive indicator of the company's competitive position and operational capabilities.

Compliance and Transparency

In line with regulatory requirements, Markolines made this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the contract does not fall under related party transactions and that there is no interest from promoter/promoter group or group companies in NCC Limited.

As Markolines continues to expand its project portfolio, investors and market watchers will likely keep a close eye on the company's execution capabilities and future order inflows. The timely completion of this project by September 2025 could potentially impact the company's financial performance and market perception in the coming years.

Markolines Pavement Technologies Limited , a company listed on the BSE, has announced significant corporate decisions following its recent board meeting. The company's Board of Directors convened on September 8, 2025, to approve several important matters, including the date for its 23rd Annual General Meeting (AGM) and key appointments.

AGM and Dividend Details

The board has approved the convening of the 23rd AGM on September 30, 2025, at 11:30 a.m. through video conferencing, in line with the provisions of the Companies Act, 2013, and SEBI Listing Regulations. The company has set September 19, 2025, as the record date for determining shareholders' eligibility for the final dividend for the financial year ended March 31, 2025.

Key Appointments and Reappointments

Several significant appointments and reappointments were recommended by the board:

• Mrs. Kirtinandini Patil has been recommended for appointment as a Non-Executive Director, subject to retirement by rotation at the upcoming AGM.
• M/s. Jay Gupta & Associates, Chartered Accountants, have been recommended for reappointment as the statutory auditor for a second term of five years, until the conclusion of the 28th AGM in the financial year 2029-30.
• M/s. DSM & Associates, Company Secretaries, have been recommended for reappointment as the secretarial auditor, also for a second term of five years until the 28th AGM in 2029-30.

Corporate Governance and Compliance

The board has taken several steps to ensure good corporate governance:

• Approval of the Directors' Report and Secretarial Audit Report for the financial year ended March 31, 2025.
• Appointment of Mr. Sanam Umbargikar from M/s. DSM & Associates as the Scrutiniser for e-voting at the 23rd AGM.
• Setting the remote e-voting period from September 27, 2025, at 9:00 a.m. to September 29, 2025, at 5:00 p.m.
• Appointment of Bigshare Services Private Limited to facilitate e-voting services for the AGM.

Financial and Operational Decisions

The board has also recommended several financial and operational changes:

• An increase in the company's overall borrowing limits under Section 180(1)(c) of the Companies Act, 2013.
• An increase in limits for securitization/direct assignment and creating charges on company assets under Section 180(1)(a) of the Companies Act, 2013.
• Alterations to the Articles of Association to add new clauses pertaining to Employee Stock Option Plans (ESOP).

These decisions reflect Markolines Pavement Technologies' commitment to corporate governance, shareholder engagement, and strategic financial management. Shareholders and interested parties should mark their calendars for the upcoming AGM and take note of the important dates for dividend entitlement and e-voting.

Investors are advised to refer to the official communications from the company for any further details or clarifications regarding these corporate actions.