Markolines Pavement Technologies Limited Clarifies Share Exchange Ratio in Amalgamation Scheme
Markolines Pavement Technologies Limited has issued a clarification regarding a discrepancy in the share exchange ratio detailed in a previous announcement concerning the amalgamation of Markolines Infra Limited with Markolines Pavement Technologies Limited. The clarification was released on March 25, 2026, and submitted to the National Stock Exchange of India Ltd. and BSE Limited.The company acknowledged an inadvertent clerical error resulted in an incorrect share exchange ratio being initially disclosed. The previously stated ratio of 1:1.15, indicating that for every one existing equity share of Markolines Infra Limited, a shareholder would receive 1.15 equity shares of Markolines Pavement Technologies Limited, was inaccurate.
The correct share exchange ratio, as approved by the Board on March 6, 2026, and as per the latest valuation report, is 1:1.05. This means for every one existing equity share of Markolines Infra Limited, shareholders will receive 1.05 equity shares of Markolines Pavement Technologies Limited. The earlier ratio of 1:1.15 pertained to a previous scheme that was mistakenly reproduced in the recent disclosure.
Markolines Pavement Technologies Limited requests that the exchanges acknowledge and record the corrected share exchange ratio. The amalgamation scheme remains subject to necessary approvals.
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