Marg Techno Projects rights issue: key dates 2026

What the company has announced

Marg Techno-Projects Limited has announced a rights issue to raise up to ₹63.90 crore. The issue involves up to 6,39,00,000 equity shares (6.39 crore shares). The face value per share is ₹10 and multiple disclosures in the provided details state the issue price is ₹10 per share, fully payable on application. The rights entitlement ratio is stated as 9 rights equity shares for every 2 existing equity shares held as on the record date. The company operates as an NBFC, and the stated use of proceeds is linked to funding loans and advances.

Core terms at a glance

The rights issue size is presented as both “₹63.90 crore” and “Approx ₹63.90 crores” across the details. The number of shares and the total amount match the ₹10 per share issue price (6.39 crore shares aggregating ₹63.90 crore). The terms of payment are listed as “Full”, which aligns with “fully payable on application”. Eligible shareholders are those holding shares as on the record date, and rights entitlements (REs) are credited and can be traded or renounced within specified windows.

Record date and entitlement ratio

The record date is stated as June 20, 2026, for determining shareholder eligibility. The entitlement ratio is repeatedly stated as 9:2, described as 9 rights equity shares for every 2 fully paid-up equity shares held on the record date. This ratio determines the maximum number of rights shares an eligible shareholder can apply for under the issue. One section of the provided content also contains an inconsistent statement indicating “9 rights share for every 1 existing equity share held”; however, the dominant and repeated ratio across the schedule and terms is 9:2.

Opening and closing dates, and the extension

The issue opened for subscription on June 29, 2026. The original closing date is mentioned as July 6, 2026 in multiple places. Marg Techno-Projects later extended the closing date to July 28, 2026, following Board approval on July 1, 2026. The revised schedule also pushed the basis of allotment and allotment date to July 29, 2026, with credit and listing of rights shares on July 30, 2026.

Key dates investors tracked

The provided details list a “last date to buy shares” of June 18, 2026, and another note says investors would be eligible for REs if they bought shares on or before June 19, 2026. Alongside the extension, the timeline for renunciation and transfers of REs also appears in two versions: an earlier schedule (with RE trading and renunciation ending around July 1) and a revised schedule (with on-market renunciation dated July 22 and off-market transfers dated July 27). Investors typically rely on the company and exchange circular timelines for the operative schedule.

Rights entitlements (REs) and trading details

The RE symbol is mentioned as MTPL-RE. One schedule lists the RE trading period as June 29, 2026 to July 1, 2026. The same set of details includes “Renunciation of Rights Entitlements: July 1, 2026” and separately “Renunciation of Rights Entitlements: July 22, 2026,” reflecting the presence of both original and revised schedules in the material. The company’s extension of the issue period is the key change cited, and it shifted other downstream dates including allotment and listing.

Where the money will be used

Marg Techno-Projects stated it will use the net proceeds primarily to strengthen its capital base for NBFC lending activities. A smaller portion is earmarked for general corporate purposes. The cost of the rights issue process is also stated as ₹0.50 crore.

Capital structure and listing venues

A note in the provided content states that post-allotment the company’s paid-up equity capital would rise from ₹14.20 crore to ₹78.10 crore. The rights shares are stated to be listed on BSE and MSE after allotment. MCS Share Transfer Agent Ltd. is named as the registrar to the issue. The offer document is dated June 16, 2026, while another note says it was uploaded with the designated exchanges on June 25, 2026.

Market reaction to the revised timetable

The stock reaction cited in the provided details was negative on the day of the extension-related news flow. Marg Techno Projects’ share price fell 2.51% to ₹13.99 on Wednesday, with the move linked to the company extending the rights issue closing date from July 6 to July 28, 2026 and pushing the revised schedule for allotment and listing. This also highlights a common market sensitivity around fundraising timelines and the operational clarity investors look for during corporate actions.

What shareholders typically monitor next

The most actionable items in the disclosures are the record date, the entitlement ratio, and the revised issue schedule through closing, allotment, and listing. Shareholders also track the renunciation window if they plan to sell REs rather than subscribe. The issue terms state a full payment requirement on application, so investors usually plan liquidity accordingly. The stated deployment of proceeds toward NBFC lending capital is a key part of how investors contextualise the fundraising.

Conclusion

Marg Techno-Projects’ ₹63.90 crore rights issue offers up to 6.39 crore shares at ₹10 per share, with eligibility set by the June 20, 2026 record date and an entitlement ratio of 9:2. The company extended the closing date to July 28, 2026 after a July 1 Board approval, shifting allotment to July 29 and listing to July 30. The next confirmed milestones in the disclosed schedule are the close of the issue, finalisation of allotment, credit of shares, and listing on BSE and MSE.