Marg Techno Projects rights issue: ₹63.9cr plan 2026

Announcement highlights

Marg Techno Projects Ltd has announced a Rights Issue to raise approximately ₹63.90 crore. The company plans to issue 6.39 crore equity shares as part of the fundraise. The issue price has been set at ₹10.00 per share. The stated objective is to expand the company’s capital base. The corporate action was communicated to the market as an intimation of letter of offer.

Record date and eligibility

The record date for determining shareholder eligibility has been set as June 20, 2026. Existing shareholders will be eligible to subscribe to new shares based on their holdings as of this date. The rights entitlement ratio announced is 9 shares for every 2 shares held. This ratio determines the maximum number of shares an eligible shareholder can apply for under the Rights Issue. The company’s disclosures indicate that participation is tied to holdings on the record date.

Issue schedule: opening and closing dates

The Rights Issue is scheduled to open on June 29, 2026. It is set to close on July 06, 2026. These dates define the subscription window during which eligible investors can apply for rights shares. The company has provided these dates as part of the formal issue timeline. Investors typically track these dates to align application and funding arrangements within the permitted period.

Approvals and exchange clearances

Marg Techno Projects has stated that it has received in-principle approval for this Rights Issue from BSE and MSEI. Such approvals are a standard requirement before an issue proceeds through the exchange framework. Separately, the company has also disclosed an earlier in-principle approval from BSE dated 28/11/2025. That earlier approval related to a preferential issuance of 42,00,000 equity shares of ₹10 each at a price not less than ₹50, to promoters and non-promoters.

What the company said the fundraise is for

The company’s stated purpose for the Rights Issue is expansion of its capital base. The disclosure does not provide a detailed project list, end-use breakdown, or timeline for deployment of proceeds. As presented, the announcement frames the transaction as a capital-raising step rather than a one-off operational update. For investors, the clarity provided is primarily around structure, pricing, ratio, and timetable.

Company profile and listing details in the disclosure

The company is described as being engaged in non-banking financial company (NBFC) activities. The disclosure references BSE Scrip Code 540254. It also lists basic market data points, including market capitalisation of ₹48 crore and a current price of ₹48.3. The face value is stated as 10. These details provide context on the size of the company relative to the fundraise.

Earlier compliance and governance disclosures mentioned

Beyond the Rights Issue, the text also references a compliance filing under Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It mentions an Extra Ordinary General Meeting (EGM) scheduled for April 17, 2026 at 11:00 A.M. (IST) through VC or OAVM. The same note states completion of dispatch of the EGM notice through email on March 26, 2026, along with details of remote e-voting facilities. The disclosure also mentions newspaper publication in Financial Express (English and Gujarati editions) dated March 27, 2026.

Key numbers at a glance

The Rights Issue is structured around a fixed issue size and price, with a defined entitlement ratio. With an issue price of ₹10 per share, the announced issue size of ₹63.90 crore corresponds to 6.39 crore equity shares, matching the company’s stated figures. This alignment is useful for investors checking whether the announced totals reconcile with the price and quantity.

Contact and registered communication details provided

The disclosure includes corporate contact details including an address at 1206, Royal Trade Centre, Opp. Star Bazaar, Adajan, Surat, Gujarat 395009. It lists an email address margtechno@gmail.com and website www.margtechno.com, along with phone contact 99253 61689 and a landline number 0261-2782501. Such information is typically included in issue-related communication for investor queries and formal correspondence.

Why this matters for shareholders

A Rights Issue can change the equity base by adding new shares, and the company has explicitly positioned this transaction as an expansion of its capital base. For existing shareholders, the key operational points are the record date, entitlement ratio, and the subscription window. The disclosure also indicates that exchanges have provided in-principle approvals, which is a procedural step in executing the issue. Further issue documentation, including the letter of offer details referenced in the announcement, becomes important for investors evaluating participation terms within the stated schedule.