Markolines Pavement Technologies' Merger Application Returned by BSE Due to Technical Issues

Markolines Pavement Technologies Ltd. has informed about the return of their merger application by BSE Limited due to technical issues. The application was submitted on 7th May, 2025, and it was returned on 23rd September, 2025. The company is currently in the process of resubmitting the merger application. The proposed scheme of amalgamation involves Markolines Infra Limited, the transferor company, and Markolines Pavement Technologies Limited, the transferee company. The draft scheme was not in compliance with the SEBI Master Circular's requirement of having at least 25% shareholding of pre-scheme public shareholders and Qualified Institutional Buyers in the post-scheme shareholding pattern of the merged company on a fully diluted basis.