Management Change20 Mar 2026, 08:51 pm
Marg Techno Projects Ltd: New CFO Appointed, Capital Increase Approved, and Rights Issue Planned
AI Summary
Marg Techno Projects Ltd announced a series of decisions from its recent board meeting. The company approved an increase in authorized capital from Rs.30,00,00,000 to Rs.45,00,00,000 by creating additional 1,50,00,000 Equity Shares. The company also plans to raise funds up to Rs.65,00,00,000 through a rights issue. Furthermore, Mr. Arun Madhavan Nair was appointed as the new Chief Financial Officer, replacing Mrs. Chhayaba Balbhadrasinh Dodiya who resigned.
Key Highlights
- Authorized capital increase from Rs.30,00,00,000 to Rs.45,00,00,000
- Planned rights issue to raise funds up to Rs.65,00,00,000
- Appointment of Mr. Arun Madhavan Nair as the new CFO
- Resignation of Mrs. Chhayaba Balbhadrasinh Dodiya from the position of CFO