Marg Techno Projects has approved voluntary delisting from the Metropolitan Stock Exchange (MSE), while confirming its continued listing on the BSE. The company will not offer an exit opportunity to shareholders as part of this move. Additionally, the board announced a leadership reshuffle, including the appointment of Harsh Chauhan as an Independent Director and the re-appointment of two existing directors, alongside plans for its 33rd Annual General Meeting.
Marg Techno Projects Announces MSE Delisting and Board Changes
Marg Techno Projects will delist from the Metropolitan Stock Exchange (MSE) while continuing its presence on the BSE.
The company has also appointed one new Independent Director and re-appointed two others for five-year terms.
Reader Takeaway: The move simplifies compliance burdens, while board changes follow standard corporate governance renewal protocols.
What just happened
Marg Techno Projects Ltd has received board approval to voluntarily delist its equity shares from the Metropolitan Stock Exchange of India Limited (MSE). This decision complies with SEBI (Delisting of Equity Shares) Regulations, 2021. Importantly, the company confirmed that no exit opportunity is required for shareholders as it maintains its primary listing on the BSE Limited. Additionally, the board has approved the appointment of Harsh Chauhan as an Independent Director for a five-year term starting September 3, 2026, and the re-appointment of Pankaj Jadhav and Deepa Nair until the 2031 Annual General Meeting.
Why this matters
The delisting from the MSE is a strategic step to reduce the administrative and regulatory costs associated with maintaining multiple exchange listings. Since trading remains uninterrupted on the BSE, retail shareholders face no loss of liquidity or market access. The board reorganization ensures that the company remains compliant with governance standards, strengthening its Audit, Nomination and Remuneration, and Stakeholder Relationship committees.
What changes now
The company’s governance structure is being refreshed, with new leadership roles within committees. Shareholders should note that the 33rd Annual General Meeting is scheduled for September 30, 2026, via Video Conferencing. As the company transitions away from the MSE, the volume and depth of trades will consolidate on the BSE platform.
What to track next
Investors should monitor the e-voting results and official disclosures following the 33rd AGM. No impact on stock price is expected from the delisting as the listing on the BSE remains unchanged.