Marc Technocrats Limited Approves Auditor Appointments and Sets Details for 19th Annual General Meeting
Marc Technocrats Limited announced several key outcomes from its Board of Directors meeting held on Friday, July 3, 2026. The board approved critical appointments related to governance and procedures, set the timeline for the upcoming annual general meeting (AGM), and authorized a variation in the utilization of certain Initial Public Offer (IPO) proceeds.The company confirmed that the 19th Annual General Meeting is scheduled for Tuesday, July 28, 2026, which will be held via Video Conferencing (VC) or Other Audio Visual Means (OAVM). The board also appointed Cs Bindas Gandhi, a Practicing Company Secretary, to serve as the Scrutinizer for both the remote e-voting process and the AGM itself.
Auditor Appointments Confirmed
The Board reviewed and approved the appointment of new Statutory Auditors and Secretarial Auditors. These appointments are subject to confirmation by the Members at the upcoming Annual General Meeting.Statutory Auditor Appointment:
M/s Chhabra Amit & Associates, Chartered Accountants (Firm Registration No. 031563N), were recommended as the company's Statutory Auditors. The tenure of this appointment is set for five consecutive years, beginning from the conclusion of the 19th Annual General Meeting and extending until the conclusion of the 24th Annual General Meeting. M/s Chhabra Amit & Associates was noted to be a peer-reviewed Chartered Accountancy Firm with extensive experience in statutory audits and corporate advisory.
Secretarial Auditor Appointment:
M/s Anurag Jain & Associates, Practicing Company Secretaries, were approved as the Secretarial Auditors. The appointment is set for a term of five consecutive financial years, commencing from April 1, 2026, and ending on March 31, 2031.
Details regarding the appointed auditors are summarized below:
| Particulars | Statutory Auditor (M/s Chhabra Amit & Associates) | Secretarial Auditor (M/s Anurag Jain & Associates) |
|---|---|---|
| Term of Appointment | Five consecutive years from 19th AGM conclusion to 24th AGM conclusion. | Five consecutive financial years (April 1, 2026, to March 31, 2031). |
| Reason for Change | The tenure of the existing auditor expires at the upcoming annual general meeting. | The current tenure of the existing Secretarial Auditors expires at the ensuing Annual General Meeting. |
E-Voting and Proceeds Utilization
The company approved the remote e-voting schedule, which will take place on July 27, 2026, at 5:00 P.M. (IST). The cut-off Date for determining the eligibility of members entitled to cast their votes through remote e-voting was fixed as Tuesday, July 21, 2026.In an operational decision, the board approved and recommended a variation in the utilization of unutilised IPO proceeds. This change involves reallocating an amount of less than 1,025.45 Lakhs that was originally earmarked for Section 27 of the Companies Act, 2013, and Regulation 32 of the SEBI Listing Regulations.
Marc Technocrats Limited also approved the necessary Notice convening the 19th Annual General Meeting along with the Explanatory Statement.
MARC Stock Price Movement
As of 11:41 AM, Marc Technocrats Limited is rallying strongly in live trading, pushing its stock price to ₹94.00 after surging by 4.44%. The company has seen significant activity today, with 45,600 shares traded during the current session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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