
Investment20 Mar 2026, 08:31 pm
Marg Techno Projects Ltd. Announces Capital Increase, Rights Issue, and New Appointments
AI Summary
Marg Techno Projects Ltd. held a Board of Directors meeting on March 20, 2026, where several key decisions were made. The company approved an increase in authorized capital from Rs.30,00,00,000 to Rs.45,00,00,000, subject to shareholder approval. A rights issue of equity shares up to Rs.65,00,00,000 was also approved. The company appointed Mr. Arun Madhavan Nair as the Chief Financial Officer, while Mrs. Chhayaba Balbhadrasinh Dodiya resigned from the same position. The company also decided to alter the objects in clause 4(b) of the Memorandum of Association and increase the remuneration of three key personnel, subject to shareholder approval. An Extra Ordinary General Meeting has been called for April 17, 2026.
Key Highlights
- Approval of an increase in authorized capital from Rs.30,00,00,000 to Rs.45,00,000
- Rights issue of equity shares up to Rs.65,00,00,000
- Appointment of Mr. Arun Madhavan Nair as Chief Financial Officer
- Alteration of objects in clause 4(b) of the Memorandum of Association
- Increase in remuneration of three key personnel