Marg Techno Projects has announced its 33rd AGM for September 30, 2026, featuring a proposal for voluntary delisting from the Metropolitan Stock Exchange of India (MSEI). The company cites low trading volumes and high compliance costs as the rationale, confirming it will maintain its primary listing on the BSE. No exit offer is required for public shareholders. The AGM will also cover key board re-appointments for the next five-year tenure.
Marg Techno Projects Announces 33rd AGM and MSEI Delisting Plan
- Voluntary delisting from Metropolitan Stock Exchange of India (MSEI) proposed.
- AGM scheduled for September 30, 2026, to finalize director re-appointments.
Reader Takeaway: Shareholders retain BSE listing and require no action; delisting from MSEI aims to reduce administrative overhead.
What just happened
Marg Techno Projects has issued its 33rd Annual General Meeting (AGM) notice. The meeting is set for September 30, 2026, via video conferencing. A critical item on the agenda is a special resolution for the voluntary delisting of equity shares from the MSEI.
Why this matters
The company seeks to reduce compliance costs and administrative burdens associated with maintaining dual listings. Management notes that trading activity and liquidity on the MSEI are negligible compared to the BSE, where the bulk of investor interest resides. As the company remains listed on the BSE, it will not provide an exit opportunity to public shareholders.
Board and Governance Update
The AGM will formalize changes to the board of directors for the 2026-2031 period:
- Mr. Arun Madhavannair will seek re-appointment after retiring by rotation.
- Mr. Pankaj Jadhav and Smt. Deepa Nair have been proposed for second five-year terms as Independent Directors.
- Mr. Harsh Chauhan is proposed for an initial five-year term as an Independent Director.
What changes now
Existing shareholders will continue to trade their holdings on the BSE. The delisting from the MSEI is a consolidation move to simplify corporate reporting. Voting for these resolutions closes on September 29, 2026, with a cut-off date of September 23, 2026, to determine eligible voters.