Marg Techno Projects Limited Approves Capital Increase, Fund Raising, and CFO Appointments

Marg Techno Projects Limited Approves Capital Increase, Fund Raising, and CFO Appointments​

Marg Techno Projects Limited announced on March 20, 2026, that its Board of Directors approved an increase in the company’s authorized capital from Rs. 30,00,00,000 divided into 3,00,00,000 equity shares of Rs. 10 each to Rs. 45,00,00,000 divided into 4,50,00,000 equity shares of Rs. 10 each.

The Board also approved the raising of funds through the issuance and allotment of equity shares with a face value of Rs. 10 each, up to an aggregate amount of Rs. 65,00,00,000 through a rights issue to eligible equity shareholders. A record date will be notified subsequently.

In personnel matters, the Board appointed Mr. Arun Madhavan Nair as Chief Financial Officer, effective March 20, 2026. Mr. Nair holds a B.Sc MA degree and a foundation course certificate from the Institute of Company Secretaries in India. He is the brother of Managing Director Akhil Nair and related to Whole-Time Director Dhananjayan Kakkat Nair. The Board also approved the resignation of Mrs. Chhayaba Balbhadrasinh Dodiya from the position of Chief Financial Officer, effective March 20, 2026, due to personal reasons.

Further Board actions included approving an alteration to the Other Objects clause in the Memorandum of Association, adding sub-clauses related to Bharat Bill Payment Operating Unit (BBPOU) services, fintech platform development, and digital infrastructure operations. The Board also approved increases in the remuneration of Managing Director Akhil Nair and Whole-Time Directors Arun Madhavan Nair and Dhananjayan Kakkat Nair.

An Extraordinary General Meeting (EGM) is scheduled for April 17, 2026, at 11:00 p.m. at the registered office. M/s. Bhagat Associates has been appointed as the Scrutinizer for the EGM.

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