Marg Techno Projects announced a Rights Issue to raise ₹63.90 crore by issuing 6.39 crore equity shares. The record date is June 20, 2026. This move aims to expand the company's capital base.

Marg Techno Projects Announces Rights Issue to Raise ₹63.90 Crore

Marg Techno Projects will raise ₹63.90 crore via a Rights Issue.
Shareholders will receive 9 shares for every 2 held.

What Just Happened

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 at an issue price of ₹10.00 per share. This corporate action aims to expand the company's capital base.

Why This Matters

The Rights Issue represents a significant capital infusion for Marg Techno Projects. It provides an opportunity for existing shareholders to increase their stake in the company and for the company to fund its future growth initiatives.

The Backstory

Marg Techno Projects had 1.42 crore shares outstanding before this issue. Following the successful completion of the Rights Issue, the total number of shares is expected to increase to 7.81 crore.

What Changes Now

Existing shareholders will be eligible to subscribe to new shares based on their holdings as of the record date, June 20, 2026. The issue will open on June 29, 2026, and close on July 06, 2026. The company has received in-principle approval from the BSE and MSEI for this Rights Issue.

Risks to Watch

Investors should carefully review the Letter of Offer once available for detailed terms and risk factors associated with participating in the Rights Issue. Fractional entitlements for small shareholders will be ignored, but they can apply for additional shares.

Peer Comparison

(No peer comparison data available in the filing.)

Context Metrics (Time-Bound)

• Issue Size: ₹63.90 crore
• Shares Offered: 6.39 crore
• Issue Price: ₹10.00 per share
• Ratio: 9:2 (New shares : Existing shares)
• Record Date: June 20, 2026
• Issue Opens: June 29, 2026
• Issue Closes: July 06, 2026

What to Track Next

Investors should monitor the progress of the Rights Issue, including the release of the Letter of Offer and subscription levels during the issue period.