Key Quantitative Figures

  • Marg Techno-Projects Rights Issue Size: Up to 6,39,00,000 equity shares
  • Face Value: ₹10.00 per share
  • Issue Price: ₹10.00 per share (0 times the face value)
  • Total Issue Amount: ₹63.90 crore (₹63,90,00,000)
  • Entitlement Ratio: 9 (Nine) Rights Equity Shares for every 1 (One) Existing Equity Share held
  • ISIN for Existing Shares: INE245H01018

Dates of Action

  • Issue Opening Date: Monday, June 29, 2026
  • Last Date for On-Market Renunciation: Wednesday, July 01, 2026
  • Issue Closing Date: Monday, July 06, 2026 (Board may extend up to 30 days total)
  • Record Date: Not explicitly stated in text (to be determined)
  • Dispatch of Issue Materials: Completed on June 24, 2026
  • Newspaper Advertisement Publication: June 26, 2026 (Financial Express and Vishalandra)

Parties Involved

  • Issuer Company: Marg Techno-Projects Limited (CIN: L69590GJ1993PLC019764)
  • Promoters: Arun Madhavan Nair, Akhil Nair, Madhavan Kakkat Nair, Dhananjayankakkat Nair, Reema Madhavan Nair
  • Registrar to Issue: MCS Share Transfer Agent Limited
  • Banker to Issue: Kotak Mahindra Bank Limited
  • Monitoring Agency: Brickwork Ratings India Private Limited
  • Designated Stock Exchange: BSE Limited
  • Securities Transfer Requester: Mr. Ratanchand Sumerchand Bafna (for Fischer Medical)

Application Process Details

  • Mandatory Process: Applications Supported by Blocked Amount (ASBA) only
  • Application Forms: Can be submitted physically to Designated Branches of SCSBs or electronically through SCSB websites
  • Plain Paper Applications: Allowed for eligible shareholders who didn't receive Application Form
  • Demat Requirement: Rights Entitlements and allotment will be in dematerialized form only
  • Physical Shareholders: Must provide demat account details at least 2 working days prior to Issue Closing Date
  • Rights Entitlements: Credited to demat accounts of eligible shareholders; for physical holders without demat details, credited to suspense escrow account

Company Background

Marg Techno-Projects Limited was incorporated on July 2, 1993, as "Marg Finance Limited" in Gujarat. The company is registered with RBI as a Non-Banking Financial Company - Non-Deposit taking (NBFC-ND) and Investment and Credit Company (ICC) under Section 45-IA of RBI Act, 1934 (Registration No. 01.00071 dated November 24, 1998).

Specific Conditions

  • Overseas Shareholders: Rights Entitlements and Shares not registered under US Securities Act; cannot be offered in United States
  • Renunciation: Eligible through both on-market and off-market transfer mechanisms
  • Undersubscribed Portion: Company confirms no specific investors identified for allotment; promoters will not renounce in favor of any specific investors
  • Listing: Rights Equity Shares will be credited to a temporary ISIN initially, then transferred to permanent ISIN after listing approvals

Disclaimer Clauses

  • SEBI Disclaimer: Letter of Offer filed with SEBI for information only as issue size is below ₹65 crore threshold
  • BSE Disclaimer: Exchange permission does not constitute clearance or approval of the Letter of Offer
  • Risk Disclaimer: Investment in equity shares involves high risk; investors should refer to Risk Factors section in Letter of Offer

Financial Impact

The rights issue will increase the paid-up capital of Marg Techno-Projects Limited by up to ₹63.90 crore if fully subscribed. The issue price represents no premium over the face value. The funds raised are intended for general corporate purposes, though specific allocation details are not provided in this excerpt.

Additional Information

  • The Letter of Offer is available on company website (margtechno@gmail.com), registrar website (www.mcsregistrars.com), and BSE website (www.bseindia.com)
  • For Fischer Medical: The notice concerns transfer of 50 equity shares (Nos. 602221-602270) from current holder Vipin Kumar to Ratanchand Sumerchand Bafna
  • Claims or objections regarding the securities transfer must be submitted within 30 days from June 26, 2026