Marg Techno Projects will raise up to ₹63.90 crore via a rights issue to fund its NBFC lending activities. The company reported revenue growth and improved profits for FY26.
Marg Techno Projects Plans ₹63.90 Crore Rights Issue for NBFC Growth
₹6.93 crore Revenue | ₹0.99 crore Net Profit (FY26)
Reader Takeaway: Capital raise for lending expansion versus unsecured loan risks and compliance history.
What just happened
Marg Techno Projects Ltd announced a rights issue to raise up to ₹63.90 crore. The issue price is ₹10 per share, with a ratio of 9 new shares for every 2 held. The record date is June 20, 2026, and the issue opens on June 29, 2026, closing on July 6, 2026.
Why this matters
The capital raised is intended to bolster the company's NBFC lending activities. This move aims to strengthen its capital base to meet future lending demands and regulatory adequacy norms. For existing shareholders, it's an opportunity to increase their stake.
The backstory
Marg Techno-Projects has shown operational growth, with total income increasing from ₹5.41 crore in FY2025 to ₹6.93 crore in FY2026. Net profit after tax also improved to ₹0.99 crore in FY2026 from ₹0.41 crore in FY2025.
What changes now
The rights issue will dilute existing equity but will inject capital into the company. This capital infusion is expected to enhance its lending capacity and support its expansion in the NBFC sector.
Risks to watch
Investors should be aware of potential risks. The company has a history of penalties from exchanges for delayed filings. Furthermore, its reliance on unsecured loans for its NBFC business carries inherent recovery risks.
Peer comparison
Information not available in the filing.
Context metrics (time-bound)
As of March 31, 2026, Marg Techno-Projects had total borrowings of ₹26.96 crore and a net worth of ₹34.62 crore.
What to track next
Investors should monitor the subscription levels of the rights issue, the company's ability to manage its unsecured loan portfolio, and its compliance with regulatory filings.