Marg Techno Projects Ltd — Important, 21-08-2025: Company Update

MARG Techno Projects' board has approved a substantial expansion of its financial capabilities and business scope. The company can now raise up to Rs. 20 Cr from promoters and increase overall borrowing powers to Rs. 300 Cr. It plans to raise up to Rs. 1,000 Cr via Qualified Institutions Placement (QIP) and accept Inter Corporate Deposits up to Rs. 500 Cr. Strategically, the company will adopt a new business model to provide loans/guarantees to NBFCs and other corporates, and aims to form an overseas subsidiary. These initiatives are geared towards funding significant business expansion and working capital. The board also considered a name change to "Amrutam".