Markolines Pavement Technologies Gets BSE Green Light for shifting to BSE Mainboard

Mumbai, May 26, 2025: Markolines Pavement Technologies Limited has taken a major leap forward in its stock market journey. The company has secured in-principle approval from BSE Limited to shift its listing from the SME Platform to the prestigious BSE Mainboard.

This approval, granted on May 23, 2025, is seen as a significant milestone for Markolines, reflecting both its steady growth and readiness to meet higher regulatory standards.

Snapshot of the Approval

• Approval Received On: May 23, 2025
• Application Filed On: March 25, 2025
• Proposed Migration: From BSE SME Platform to the BSE Mainboard
• Industry Focus: Infrastructure services, specialising in pavement technology

The in-principle approval was granted by BSE’s Internal Regulatory Oversight and Review Group after confirming that the company had fulfilled all requirements under SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.

Next Steps for Listing

• To complete the migration, Markolines is required to:
• Submit a formal listing application for the Mainboard.
• File an updated Information Memorandum in line with the Companies Act, 2013, and SEBI’s rules from 2014.
• Sign a fresh Listing Agreement under SEBI’s LODR Regulations, 2015.
• Share the latest financial results and current shareholding structure, following SEBI’s guidelines.
• Pay the initial listing fee of ₹20,000 along with the applicable annual listing fee for FY 2024–25.

The approval was granted after a review by BSE’s Internal Regulatory Oversight and Review Group, confirming that the company met all the necessary requirements under SEBI’s LODR Regulations, 2015.

Strategic Significance

Shifting to the BSE Mainboard is set to boost Markolines’ market visibility, draw interest from a broader range of investors, and potentially increase share liquidity. This move highlights the company’s upward growth path and reflects its readiness to meet the more rigorous regulatory and governance standards required of Mainboard-listed entities.

Company’s Take on the Milestone

Speaking on this achievement, Pranav Chaware, Company Secretary & Compliance Officer at Markolines, said:

“This marks a major step in our strategic journey. Transitioning to the Mainboard allows us to engage a wider investor community while reinforcing our commitment to transparency and robust corporate governance. We’re ready to fulfil the next set of obligations to complete the process.”

About Markolines Pavement Technologies

Formerly known as Markolines Traffic Controls Ltd., the company operates out of Navi Mumbai, Maharashtra. With a strong focus on pavement engineering and road maintenance solutions, Markolines has carved a niche in the infrastructure services space. The company is registered under the Corporate Identification Number (CIN) L99999MH2002PLC156371 and is listed on BSE under the scrip code 543364

For the latest updates on the listing process and upcoming investor-related announcements, please follow the company’s official channels.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/2cf5bfb2-17c0-4d63-982f-11f6c0927727.pdf