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.

Markolines Pavement Technologies Limited (MPTL), a leading highway operations and maintenance provider in India, has reported strong financial results for the first quarter, despite facing challenges from early monsoons.

Financial Highlights

All financial figures in Rs. crores, except EPS in Rs.

Strong Order Book and Pipeline

MPTL maintains a robust unexecuted order book of Rs. 400.00 crores and a pipeline of Rs. 600.00 crores. During the quarter, the company added over Rs. 30.00 crores of new orders, including a significant Rs. 100.00 crore order spread over 5 years.

Corporate Developments

• Successfully migrated from the SME platform to the BSE main board
• Applied for NSE main board listing
• In process of merging Markolines Pavement and Markolines Infra, with queries currently being addressed

Business Segments

MPTL operates in three main verticals:

1. Highway Maintenance
2. Specialized Maintenance Services
3. Specialized Construction Services

Growth Strategy

• Focusing on larger ticket size projects
• Expanding into specialized services, including:
  • Microsurfacing
  • Tunneling
  • Soil stabilization
• These specialized services offer higher margins than conventional highway maintenance

Management Commentary

Vijay Oswal, Founder and Chief Financial Officer of MPTL, stated, "We are expecting about 25%-30% growth in terms of revenue for FY2026. Our focus is on increasing project sizes and expanding into specialized construction activities, which will help us improve our margins and bottom line."

Future Outlook

• Capitalizing on growing infrastructure development in India, particularly in the highway sector
• Exploring opportunities in structural maintenance and concrete road maintenance
• Well-positioned to leverage expertise and market leadership in highway operations and maintenance
• Anticipated growth in demand for high-quality road infrastructure as India aims to become a developed nation by 2047