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Non Banking Financial Company (NBFC)
Investment20 Mar 2026, 08:51 pm

Marg Techno Projects Ltd: Appointment of New CFO, Increase in Authorized Capital, and Rights Issue

AI Summary

Marg Techno Projects Ltd announced that its Board of Directors held a meeting on March 20, 2026, and approved several key decisions. The company has appointed Mr. Arun Madhavan Nair as the new Chief Financial Officer (CFO). Additionally, the Board approved an increase in the authorized capital of the company from Rs.30,00,00,000/- to Rs.45,00,00,000/- by creating 1,50,00,000 new equity shares of Rs.10/- each, subject to shareholder approval. The company also plans to raise funds up to Rs.65,00,00,000/- through a rights issue on a rights basis to eligible equity shareholders.

Key Highlights

  • Appointment of Mr. Arun Madhavan Nair as CFO
  • Increase in authorized capital from Rs.30,00,00,000/- to Rs.45,00,00,000/-
  • Creation of 1,50,00,000 new equity shares of Rs.10/- each
  • Plan to raise funds up to Rs.65,00,00,000/- through a rights issue
MTPL
Non Banking Financial Company (NBFC)
Marg Techno Projects Ltd

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