Investment20 Mar 2026, 08:31 pm
Marg Techno Projects Ltd. Approves Capital Increase, Rights Issue, and New CFO Appointment
AI Summary
Marg Techno Projects Ltd. held a board meeting on March 20, 2026, and approved several significant decisions. The company decided to increase its authorized capital from Rs.30,00,00,000 to Rs.45,00,00,000 by creating 1,50,00,000 additional 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 to eligible equity shareholders. Additionally, Mr. Arun Madhavan Nair has been appointed as the new Chief Financial Officer, replacing Mrs. Chhayaba Balbhadrasinh Dodiya, who has resigned from the position. The company will hold an Extraordinary General Meeting on April 17, 2026, to discuss these matters further.
Key Highlights
- Marg Techno Projects Ltd. is increasing its authorized capital by creating 1,50,00,000 additional equity shares.
- The company plans to raise funds up to Rs.65,00,00,000 through a rights issue to eligible equity shareholders.
- Mr. Arun Madhavan Nair has been appointed as the new Chief Financial Officer.
- Mrs. Chhayaba Balbhadrasinh Dodiya has resigned from the position of Chief Financial Officer.
- The company will hold an Extraordinary General Meeting on April 17, 2026, to discuss these matters further.