Markolines Pavement Technologies Approves Quarterly Results; Reappoints Director, Appoints New Independent Member
Markolines Pavement Technologies Limited concluded a Board of Directors meeting on August 14, 2026, approving the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The Board also took several key actions regarding its board composition, including re-appointing an existing director and appointing a new Independent Director.The meeting, which was held at the Company's registered office, transacted the approval of the quarterly financial results along with the Limited Review Report from the Statutory Auditor.
Significant Appointments Approved by Board
Key decisions regarding the company’s independent directorship were approved during the board meeting:- Re-appointment: Mrs. Anjali Vikas Sapkal was re-appointed as a Non-Executive Independent Director for a second term of five consecutive years, effective from August 17, 2026, subject to members' approval.
- New Appointment: Mr. Rahul Ramkrishna Modak was appointed as a Non-Executive Independent Director, effective August 14, 2026, also pending member approval.
Profile of Newly Appointed and Reappointed Directors
The Board meeting included detailed disclosures regarding the profiles of Mrs. Sapkal and Mr. Modak.Mrs. Anjali Vikas Sapkal (Re-appointment)
Mrs. Sapkal is described as an experienced management professional with over 26 years of work across government/semi-government organisations, logistics, construction, shipping, cargo, manufacturing, service industries, events management, aviation, and educational institutions. Her expertise includes quality management systems, standard operating procedure development, training, and process implementation. She holds certifications from IRCA (ISO standards) and additional credentials from NABET (QCI).
Mr. Rahul Ramkrishna Modak (New Appointment)
Mr. Modak is an accomplished business leader with more than 30 years of experience in senior management roles across various corporate sectors, including Tata International, Bajaj Auto Finance, L&T Finance, and Family Credit. He holds a postgraduate degree in Commerce specializing in Management. Mr. Modak currently leads two successful business enterprises—a corrugation manufacturing unit and an automobile business focused on customer-oriented sales and services.
| Director | Role | Appointment Status | Effective Date | Term Length |
|---|---|---|---|---|
| Mrs. Anjali Vikas Sapkal | Non-Executive Independent Director | Re-appointment (2nd term) | August 17, 2026 | Five years |
| Mr. Rahul Ramkrishna Modak | Non-Executive Independent Director | Appointment | August 14, 2026 | Five years |
The Company confirmed that neither director is related to any of the existing Directors or Key Managerial Personnel.
MARKOLINES Stock Price Movement
Markolines Pavement Technologies Limited shares slipped today to settle at ₹175.12, shedding 2.05% in the post-market trading session. The equity saw a total volume of 65,488 shares traded during the day.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.