
Markolines Pavement Technologies Allots 1,00,000 Equity Shares Following Warrant Conversion
Markolines Pavement Technologies Limited has allotted 1,00,000 equity shares following the conversion of 1,00,000 convertible warrants. The warrants were converted at a rate of 1:1, with each warrant convertible into one equity share of face value Rs.10/- each at a conversion price of Rs.165/- per equity share. The equity shares have been allotted to the Non-Promoter of the Company. The meeting of the Board of Directors of the Company was held on 5th March, 2026, and the allotment was made pursuant to the approval of the Board of Directors and in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 and Sections 62 and 42 of the Companies Act, 2013.
Key Highlights
- Markolines Pavement Technologies allotted 1,00,000 equity shares following warrant conversion.
- Each warrant was converted into one equity share at a conversion price of Rs.165/- per equity share.
- The equity shares have been allotted to the Non-Promoter of the Company.
- The allotment was made pursuant to the approval of the Board of Directors.
- The meeting of the Board of Directors was held on 5th March, 2026.