Markolines Pavement Technologies MD, chairman, board of directors and AGM
NSE: MARKOLINESBSE: 543364ConstructionSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹174.60.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹377 Cr2,066th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
- Earlier quarters restated in the year
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 10 Jul 2026
- 1.9
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 14 Aug 2026
- 11.8%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 10 Jul 2026
- 0.43
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 4,68,86326.3% delivered
Markolines Pavement Technologies board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorSanjay Patil
6 directors3 independent2 executive1 non-executive
- Sanjay Patil · Chairperson and managing directorExecutive · joined Nov 2002 · reappointed Aug 2026 · 60 months as independent · 1 listed board · 1 committee seat
- Praveen PanchalExecutive · joined Jan 2025 · reappointed Sep 2026 · 60 months as independent · 1 listed board
- Kirtinandini PatilNon-executive · joined Aug 2021 · reappointed Sep 2025 · 60 months as independent · 1 listed board
- Anjali SapkalIndependent · joined Aug 2021 · reappointed Aug 2026 · 60 months as independent · 2 listed boards · 2 as independent · 5 committee seats, 3 as chair
- Vaishali TarsariyaIndependent · joined Apr 2025 · 60 months as independent · 3 listed boards · 3 as independent · 6 committee seats, 1 as chair
- Mr. Rahul ModakIndependent · joined Aug 2026 · 60 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 2 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
1 director who left
- Akash Phatak, left 1 Aug 2026: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 29 Sep 20263 of 6 present2 independent · 32 days in between
- 27 Aug 20264 of 6 present2 independent · 12 days in between
- 14 Aug 20265 of 5 present2 independent · 6 days in between
- 7 Aug 20263 of 5 present1 independent · 55 days in between
4 earlier meetings
- 12 Jun 20263 of 6 present1 independent · 16 days in between
- 26 May 20266 of 6 present3 independent · 26 days in between
- 29 Apr 20263 of 6 present2 independent · 14 days in between
- 14 Apr 20263 of 6 present1 independent
Audit Committee
Chair Anjali Sapkal
Sanjay Patil, Vaishali Tarsariya
- 14 Aug 20263 of 3 present2 independent
- 26 May 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Anjali Sapkal
Kirtinandini Patil, Vaishali Tarsariya
- 27 Aug 20263 of 3 present2 independent · 12 days in between
- 14 Aug 20263 of 3 present2 independent · 106 days in between
- 29 Apr 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Anjali Sapkal
Sanjay Patil, Vaishali Tarsariya
- 26 May 20263 of 3 present2 independent
Corporate Social Responsibility Committee
Chair Anjali Sapkal
Sanjay Patil, Vaishali Tarsariya
- 6 Jul 20263 of 3 present2 independent
Committee of Independent Directors
Chair Akash Phatak
Anjali Sapkal, Vaishali Tarsariya
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- Jay Gupta & AssociatesPeer-review certificate valid to Jul 2027
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Markolines Pavement Technologies AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Markolines Pavement Technologies share news and announcements
Annual general meeting, 29 Sep 2026
6,845 shareholders on the register on 22 Sep 2026; present: 11 promoters and 28 others; votes counted by CS SANAM UMBARGIKAR / DSM & ASSOCIATES.The company's voting result (opens in a new tab)
To consider and adopt the Audited Consolidated and Standalone Financial Statements of the Company for the financial year ended 31st March 2026 along with the reports of the Board of Directors' and Auditors' thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 57.01% · promoters 100.00% · institutions 0.19% · other public 5.39%
- To consider the re-appointment of Mr. Praveen Sevantilal Panchal (DIN:10895449), Executive Director of the Company, who retires by rotation and, being eligible, offers himself for re-appointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 57.01% · promoters 100.00% · institutions 0.19% · other public 5.39%
- To confirm the re-appointment of Mr. Sanjay Bhanudas Patil (DIN:00229052) as Managing Director of the CompanySpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 25.38% · promoters 42.07% · institutions 0.19% · other public 5.39%
- To confirm the re-appointment of Mrs. Anjali Vikas Sapkal (DIN: 02136528) as a Non-Executive Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 57.01% · promoters 100.00% · institutions 0.19% · other public 5.39%
- To confirm the appointment of Mr. Rahul Ramkrishna Modak (DIN:11178610) as a Non-Executive Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 57.01% · promoters 100.00% · institutions 0.19% · other public 5.39%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Tax disputes
Reported in the filing for the quarter to Sep 2026.
- Tax disputeCENTRALIZED PROCEEDINGS CENTRE (CPC), BANGALORESince 22 Sep 2022Appeal Filed and its under process
- Tax disputeCentral Appellate Authority (CENTER) NEREDMET, MALKAJGIRI. TelanganaSince 23 Apr 2024Appeal Submitted to Appellate Authority and its under process
- Tax disputeState Appellate Authority (State) Deoria Sector-4, Gorakhpur (B)Since 31 Aug 2024Appeal Submitted to Appellate Authority and its under process
- Tax disputeState tax officer - Uttar PradeshSince 29 Apr 2024Rectification of order filed - Pending for action by tax officer
- Tax disputeState Appellate Authority (State) MANAPPARAI, TRICHYSince 12 Apr 2024Appeal Submitted to Appellate Authority and its under process
- Tax disputeCommercial Tax Officer (State) MANAPPARAI, TRICHYSince 9 Apr 2025Amount paid and considered to be closed
- Tax disputeState Appellate Authority (State) MANAPPARAI, TRICHYSince 29 Jan 2025Appeal Submitted to Appellate Authority and its under process
- Tax disputeCentral Appellate Authority (CENTER) GST RANGE-XXV, GST DIVISION-E JAIPURSince 30 Aug 2024Appeal Submitted to Appellate Authority and its under process
6 more
- Tax disputeCentral Appellate Authority (CENTER) CGST Range, XXV, JAIPURSince 29 Jan 2025Appeal Submitted to Appellate Authority and its under process
- Tax disputeDeputy Commissioner of State Tax Jurisdiction : SANPADA_503, RAIGAD-NORTH, RAIGADSince 11 Dec 2025Appeal Submitted to Appellate Authority and its under processAt the filing before: Appeal to be filed and is under process
- Tax disputeOffice of the Deputy Commissioner State Tax , Jurisdiction : Deoria Sector-2, Gorakhpur (B)Since 20 Dec 2025Appeal Submitted to Appellate Authority and its under processAt the filing before: Appeal to be filed and is under process
- Tax disputeOffice of the Superintendent Jurisdiction : GST RANGE-XXVI, CGST Division- Sitapura, JAIPURSince 29 Dec 2025Appeal Submitted to Appellate Authority and its under processAt the filing before: Appeal to be filed and is under process
- Tax disputeCommercial Tax officer, Satna, MPSince 8 Aug 2023Application Set aside of Order filed. Its in under process
- Tax disputeCustoms, Excise & Service Tax Appellate Tribunal (CESTAT)Since 20 Jan 2023Appeal Submitted to CESTAT Authority and its under process
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Mar 2026. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere | Reason and comments |
|---|---|---|---|---|---|---|
| OthersJan 2026 | 0.28 | General Corporate expenses | 0.00 | 0.00 | No | Audit committee: No Comments ReceivedAuditors: No Comments Received |
| OthersJan 2026 | 0.28 | Working capital expenditure, Equipment purchase (CAPEX), Business expansion, Repayment of existing loans | 0.28 | 0.28 | No | Audit committee: No Comments ReceivedAuditors: No Comments Received |
| OthersFeb 2026 | 0.50 | General Corporate expenses | 0.00 | 0.00 | No | Audit committee: No Comments ReceivedAuditors: No Comments Received |
| OthersFeb 2026 | 0.50 | Working capital expenditure, Equipment purchase (CAPEX), Business expansion, Repayment of existing loans | 0.50 | 0.50 | No | Audit committee: No Comments ReceivedAuditors: No Comments Received |
| OthersMar 2026 | 1.24 | General Corporate expenses | 0.00 | 0.00 | No | Audit committee: No Comments ReceivedAuditors: No Comments Received |
| OthersMar 2026 | 1.24 | Working capital expenditure, Equipment purchase (CAPEX), Business expansion, Repayment of existing loans | 1.24 | 1.24 | No | Audit committee: No Comments ReceivedAuditors: No Comments Received |