Marg Techno Projects Ltd

AGM Details

• 33rd AGM held Sep 30, 2026, 11:00–11:11 IST via VC/OAVM.
• Remote e-voting Sep 27–29, 2026; voting at meeting also allowed.

Key Resolutions

• Ordinary: Approval of standalone audited financials and board/auditor reports for FY ended Mar 31, 2026.
• Ordinary: Re-appointment of director retiring by rotation.
• Special: Re-appointment of Independent Director.
• Special: Re-appointment of Women Independent Director.
• Special: Appointment of an Independent Director.
• Special: Voluntary delisting of shares from MSEI; continued listing on BSE.

Voting Status

• Remote e-voting conducted Sep 27–29, 2026; results to be announced within two working days.
• Results will be published on company and exchange websites.

Marg Techno Projects Ltd: Trading Window closure from Oct 01, 2026 till 48 hours after the declaration of Un-audited Financial Results of the Company for the quarter and Financial Year ended on September 30, 2026

Book closure and voting timeline

• Book closure: 30 September 2026 to 30 September 2026 (inclusive).
• Purpose: AGM and e-voting.
• Record date: 23 September 2026; voting entitlement determined.
• AGM date: 30 September 2026, 11:00 AM.
• Security: equity shares.
• E-voting period: 27 September 2026, 9:00 AM to 29 September 2026, 5:00 PM.
• E-voting result date: on or before 3 October 2026.

Financial highlights

• Revenue from operations ₹6.84 crore in FY2025-26, up 31.4% YoY.
• Total income ₹6.93 crore; PAT ₹0.99 crore; EPS ₹0.88.
• EBITDA ₹4.36 crore (₹436.06 lakh).
• Net cash from operating activities: outflow ₹22.82 crore.
• Dividend: no dividend declared for FY2025-26.
• Private placement: 42 lakh shares; paid-up capital ₹14.20 crore.

Balance sheet & capital structure

• Paid-up equity capital ₹14.20 crore via private placement.
• Shareholders’ equity about ₹34.62 crore; securities premium ₹18.40 crore.
• Borrowings (excluding debt securities) ₹26.96 crore; debt-equity ratio 0.78x.
• Tier 1 capital ratio 59.98%; regulatory capital position strong.
• Authorized capital increased to ₹30 crore.
• Cash & cash equivalents ₹1.33 crore.

Asset quality & risk management

• Gross loan portfolio ₹57.71 crore; 77.3% YoY growth.
• Unsecured loans ₹52.55 crore; gold loans ₹5.11 crore.
• Standard assets ₹57.66 crore; sub-standard ₹0.19 crore; doubtful ₹0.60 crore.
• Provisions for NPAs ₹0.7472 crore; no default on borrowings.

Portfolio mix & growth strategy

• Portfolio shift toward unsecured lending; focus on risk-adjusted growth.
• Gold-backed lending remains a segment with disciplined underwriting.
• MSME/SME and retail lending expansion with technology-enabled underwriting.
• Emphasis on credit quality, collections, and portfolio monitoring.

Dividends, capital actions & delisting plan

• Dividend policy: no dividend declared for FY2025-26.
• 42 lakh new equity shares issued; paid-up capital ₹14.20 crore.
• Authorized capital raised to ₹30 crore; capital structure strengthened.
• Board considering voluntary delisting from MSEI; listing to continue on BSE.

Governance & management changes

• Harsh Chauhan appointed Independent Director; term five years from AGM date.
• Pankaj Jadhav and Deepa Nair re-appointed as Independent Directors for second term.
• Arun Nair moved from WTD to CFO (effective 20.03.2026) per regulatory order.
• Directors’ attendance: 11 board meetings held in FY2025-26.

Audit, internal controls & compliance

• Auditors: Sheladiya & Jyani; Secretarial Auditor: Bhagat Associates.
• Internal financial controls deemed adequate and operating effectively.
• POSH compliance; no sexual harassment complaints in FY2025-26.
• Audit trail feature not enabled at database level in accounting software; no tampering observed.

Outlook, risks & regulatory context

• NBFC risks include credit, liquidity, interest rate, regulatory and cyber risks.
• Management focuses on scalable, risk-adjusted growth with adequate capital buffers.

AGM Details

• Date/time: 30 September 2026, 11:00 AM (VC/OAVM).
• Mode: VC/OAVM; no physical attendance.
• Notice issued to shareholders: Aug 28, 2026.
• Voting eligibility: holders on Sept 23, 2026; remote voting Sept 27-29, 2026.

Key Resolutions

• Ordinary: Adoption of Audited financial statements for FY 2025-26.
• Ordinary: Re-appointment of Arun Madhavannair as Director (retiring by rotation).
• Special: Re-appointment of Pankaj Jadhav as Independent Director for second term.
• Special: Re-appointment of Deepa Nair as Women Independent Director for second term.
• Special: Appointment of Harsh Chauhan as Independent Director for first term.
• Special: Voluntary delisting of equity shares from MSEI; continue listing on BSE.

Director Changes

• Pankaj Jadhav re-appointed Independent Director for five-year term.
• Deepa Nair re-appointed Women Independent Director for five-year term.
• Harsh Chauhan appointed Independent Director for five-year term.
• Arun Madhavannair re-appointed as Director (retiring by rotation).

Key approvals

• Directors Report approved for FY ended 31 March 2026.
• Voluntary delisting of equity shares from MSE approved; shares to remain listed on BSE.
• Secretarial Audit Report for FY ended 31 March 2026 approved.
• Board's Report for 33rd AGM approved; AGM notice scheduled 30 Sept 2026 at 11:00 AM (VC).
• e-voting facility approved for 33rd AGM via CDSL platform; scrutinizer appointed.

Director changes

• Mr. Harsh Chauhan appointed as Independent Director (Additional) for 5 years from 03 Sep 2026.
• Pankaj Jadhav re-appointed as Independent Director for second term, subject to shareholder approval.
• Deepa Nair re-appointed as Women Independent Director for second term, subject to shareholder approval.

Governance and committee changes

• Committees reconstituted to include Harsh Chauhan; Audit, Nomination and Remuneration, and Stakeholders committees updated.
• Audit Committee: Jadhav (Chair), Deepa Nair, Akhil Nair.
• Nomination and Remuneration: Deepa Nair (Chair), Harsh Chauhan, Pankaj Jadhav.
• Stakeholder Relationship: Pankaj Jadhav (Chair), Dhananjay Nair, Deepa Nair.

Meeting Details

• Board meeting scheduled for 3 September 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve Directors' Report for the year ended 31 March 2026.
• Appoint Harsh Chauhan as Non-Executive Independent Director for five years, subject to shareholders' approval.
• Re-appoint Pankaj Jadhav for a second term as Independent Director, subject to shareholders' approval.
• Re-appoint Deepa Nair for a second term as Women Independent Director, subject to shareholders' approval.
• Consider and approve voluntary delisting of equity shares from MSE without exit opportunity.
• Consider Secretarial Audit Report for the financial year 2026.
• Decide cut-off date, book closure date, and e-voting period for the 33rd AGM.
• Approve date, time, and venue of the AGM along with the draft notice.
• Appoint Scrutinizer for e-voting at the 33rd AGM.

Other Notes

• Trading window closure periods are not specified in this filing.

Financial results (quarter ended 30-Jun-2026)

• Total income Rs 252.49 lakh; revenue from operations Rs 252.20 lakh; other operating income Rs 0.28 lakh.
• Total expenses Rs 117.97 lakh; finance cost Rs 72.02 lakh; employee benefits Rs 25.67 lakh.
• Depreciation, amortization and impairment Rs 3.99 lakh; other expenses Rs 16.29 lakh.
• PBT before tax Rs 134.52 lakh; tax expense Rs 34.37 lakh.
• PAT Rs 102.19 lakh; Basic EPS Rs 0.72; Diluted Rs 0.41.
• Board approved standalone unaudited financial results for quarter ended 30-Jun-2026.
• Limited review conducted; no audit opinion issued.

Debt position

• Total financial indebtedness Rs 30.62 crore.
• Bank borrowings outstanding Rs 0.12 crore; no default reported.
• No defaults on debt securities as on date.