Mark Technocrats Limited – Public Notice on Proposed Change in IPO Fund Utilisation
Jul 23, 2026 • Maryam Begum • Company Updates / Business Notices
Source:
Jansatta Epaper
Description:
Mark Technocrats Limited has issued a public notice regarding a proposed change in the utilisation of funds raised through its Initial Public Offering (IPO) in December 2025.
The company's Board of Directors has proposed reallocating ₹1,025.45 lakh, which was originally earmarked for capital expenditure (purchase of equipment, machinery and computers), towards working capital requirements. The proposal will be placed before shareholders for approval through a Special Resolution at the 19th Annual General Meeting (AGM) scheduled on 28 July 2026 via Video Conferencing (VC) and Other Audio-Visual Means (OAVM).
According to the company, the reallocation is intended to support increased working capital needs arising from business expansion, longer order execution timelines and payment cycles. The company has stated that the proposed change is expected to improve liquidity and operational flexibility without adversely affecting its financial position.
Shareholders can access the AGM Notice, Explanatory Statement and Postal Ballot documents from the company's registered office during business hours or through the official websites mentioned below.
Contact Details:
Company: Mark Technocrats Limited
Registered Office: GF-4, Ground Floor, JMD Megapolis, Sector-48, Sohna Road, Gurugram, Haryana – 122018
Email: mtplho@mtplonline.in
Investor Relations Email: investorrelations@mtplonline.in
Website: www.mtplonline.in
Important Links:
Company Website: www.mtplonline.in
NSE Website: www.nseindia.com
CDSL E-Voting Portal: www.evotingindia.com
Managing Director:
Hitender Kumar (DIN: 01661280)