logo
Markolines Pavement Technologies receives in-principle approval to migrate from BSE SME to BSE Mainboard

Markolines Pavement Technologies receives in-principle approval to migrate from BSE SME to BSE Mainboard

Business Upturn26-05-2025
By Aditya Bhagchandani Published on May 26, 2025, 08:26 IST
Markolines Pavement Technologies Limited has received in-principle approval from BSE for its migration from the BSE SME Platform to the BSE Mainboard, according to an exchange filing made on May 26, 2025.
The approval marks a significant milestone for the company, formerly known as Markolines Traffic Controls Limited, and aligns with its strategic aim to enhance visibility and attract broader investor participation through a mainboard listing.
The company stated that this development is in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and has attached the in-principle approval letter as part of its submission to BSE Limited.
Markolines Pavement Technologies is engaged in offering infrastructure services, including pavement marking and highway maintenance solutions, and has been listed on the BSE SME platform under the scrip code 543364 with ISIN INE0FW001016.
This migration, once finalized, will enable the company to access a wider pool of institutional investors and improve trading liquidity for its shareholders.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Paytm shares in focus today as RBI grants in-principle nod to subsidiary for online payment aggregator licence after AntFin's exit
Paytm shares in focus today as RBI grants in-principle nod to subsidiary for online payment aggregator licence after AntFin's exit

Business Upturn

time2 hours ago

  • Business Upturn

Paytm shares in focus today as RBI grants in-principle nod to subsidiary for online payment aggregator licence after AntFin's exit

Shares of One 97 Communications, the parent company of Paytm, will be in focus today, Wednesday, August 13, after its wholly owned subsidiary, Paytm Payments Services Limited (PPSL), received in-principle authorisation from the Reserve Bank of India (RBI) to operate as an online payment aggregator under the Payment and Settlement Systems Act, 2007. The development marks a significant regulatory breakthrough for the company, which had faced a setback last year when its application was rejected over non-compliance with foreign direct investment (FDI) norms. The latest approval follows China's Ant Financial exiting Paytm last week by selling its entire 5.84% stake for around Rs 3,803 crore, reducing Chinese ownership in the company to zero. The licence will allow PPSL to onboard merchants and facilitate online transactions, aligning with Paytm's broader strategy to strengthen its merchant-side business. Founder and CEO Vijay Shekhar Sharma has previously stated that SME credit and future-forward receivables remain a key focus area for the company. Separately, Paytm reported a consolidated net profit of Rs 122.5 crore in Q1 FY26, reversing a loss of Rs 838.9 crore a year ago. Revenue from operations rose 27.7% YoY to Rs 1,917.5 crore, driven by growth in subscription merchants, higher gross merchandise volume, and increased financial services distribution income. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.

ITDC Q1 Results: Revenue rises 7.77% YoY to Rs 87.74 crore, Net profit slips 16.82% YoY
ITDC Q1 Results: Revenue rises 7.77% YoY to Rs 87.74 crore, Net profit slips 16.82% YoY

Business Upturn

time12 hours ago

  • Business Upturn

ITDC Q1 Results: Revenue rises 7.77% YoY to Rs 87.74 crore, Net profit slips 16.82% YoY

India Tourism Development Corporation (ITDC) reported consolidated revenue from operations of Rs 87.74 crore for the quarter ended June 30, 2025, marking a 7.77% year-on-year increase from Rs 81.43 crore in the same period last year. Sequentially, revenue fell sharply from Rs 199.94 crore in Q4 FY25. Total income stood at Rs 93.39 crore in Q1 FY26, up from Rs 84.98 crore a year ago but down from Rs 204.50 crore in the previous quarter. Net profit for the quarter came in at Rs 9.75 crore, down 16.82% from Rs 11.72 crore in Q1 FY25 and significantly lower than Rs 24.53 crore in Q4 FY25. Profit before tax stood at Rs 12.51 crore, rising 29.8% YoY but falling from Rs 34.49 crore in the previous quarter. Expenses for the quarter increased marginally to Rs 80.88 crore from Rs 75.35 crore last year, with higher finance costs and depreciation partially offset by a decline in employee benefit expenses. The company continues to operate without any discontinued operations and remains focused on leveraging its hospitality and tourism assets across India to drive growth in the coming quarters. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.

Premier Energies announces board changes, dividend record date set for August 29
Premier Energies announces board changes, dividend record date set for August 29

Business Upturn

time12 hours ago

  • Business Upturn

Premier Energies announces board changes, dividend record date set for August 29

By Aditya Bhagchandani Published on August 12, 2025, 18:51 IST Premier Energies has announced key board-level changes following its meeting held on August 12, 2025. The company has appointed Mr. Nishith Hasmukh Mehta as an Additional Non-Executive (Independent) Director for a five-year term, commencing from August 12, 2025, to August 11, 2030, subject to shareholder approval at the upcoming 30th Annual General Meeting (AGM). Mehta, a seasoned compliance and risk management professional, brings over 25 years of experience, having held senior roles at Bank of America Merrill Lynch, HSBC, Kotak Mahindra, and Edelweiss. The board also noted the resignation of Mr. Jasbir Singh Gujral as Independent Director, effective from the close of business hours on August 12, 2025. Additionally, M/s P. S. Rao & Associates has been recommended as the Secretarial Auditor for a five-year term starting FY26, subject to shareholder approval. The company has fixed Friday, August 29, 2025, as the record date for determining members eligible for the dividend for FY25. If approved at the AGM, the dividend will be paid within 30 days of the meeting. The 30th AGM is scheduled for September 12, 2025, via video conferencing, with September 5, 2025, set as the cut-off date for voting eligibility. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store