Marg Techno Projects Ltd: Board Approves Capital Increase, Rights Issue, and Changes in Top Management

Marg Techno Projects Ltd announced that its Board of Directors held a meeting on March 20, 2026, and approved several significant decisions. The Board approved an increase in the company's authorized capital from Rs.30,00,00,000 to Rs.45,00,00,000 by creating an additional 1,50,00,000 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. Furthermore, the Board appointed Mr. Arun Madhavan Nair as the Chief Financial Officer, while accepting the resignation of Mrs. Chhayaba Balbhadrasinh Dodiya from the same position. The company has also proposed alterations in the Other Objects by adding objects under 'matters which are necessary for furtherance of the objects specified in clause 3(a)' in clause 4 (b) of the Memorandum of Association, subject to shareholder approval. Lastly, the Board decided to call for an Extra Ordinary General Meeting on Friday, April 17, 2026, at 11:00 A.M.