Marg Techno Projects Ltd has approved a rights issue of 6.39 crore equity shares at ₹10 each, aiming to raise ₹63.90 crore. The issue opens June 29, 2026, with a 9:2 entitlement ratio.

Marg Techno Projects Ltd Announces Rights Issue

Marg Techno Projects will issue 6,39,00,000 equity shares and raise ₹63.90 crore.

Reader Takeaway: Capital infusion to expand equity base; monitor subscription levels for success.

What just happened

Marg Techno Projects Ltd's board has approved a rights issue to raise ₹63.90 crore by issuing 6,39,00,000 equity shares at ₹10 per share. This move will significantly increase the company's equity base.

Why this matters

The capital raised will bolster the company's financial resources, potentially funding growth initiatives or strengthening its balance sheet. For existing shareholders, it's an opportunity to increase their stake at a fixed price, but also a risk if the issue is undersubscribed.

The backstory

Prior to this issue, Marg Techno Projects had 1,42,00,000 equity shares outstanding. The rights issue, if fully subscribed, will expand the total equity share capital to 7,81,00,000 shares.

What changes now

Eligible shareholders, identified on the record date of June 20, 2026, will have the right to subscribe to 9 new shares for every 2 they hold. The issue period is from June 29 to July 6, 2026, with a potential extension.

Risks to watch

The primary risk is subscription risk. The full ₹63.90 crore will only be raised if the issue is fully subscribed. Undersubscription means less capital infusion than planned.

Peer comparison

(No peer comparison data available in the filing).

Context metrics (time-bound)

Rights Issue Size: ₹63.90 crore
Issue Price: ₹10 per share
Entitlement Ratio: 9:2
Record Date: June 20, 2026
Issue Opening Date: June 29, 2026
Issue Closing Date: July 6, 2026
Pre-issue Shares: 1,42,00,000
Post-issue Shares (fully subscribed): 7,81,00,000

What to track next

Investors should closely monitor the subscription status of the rights issue. The final amount raised and its impact on the company's financial health will be key indicators.