BSECompany Update2d ago · 5 Nov 2026, 10:56 am

Please find attached the Press Release issued by Markolines Pavement Technologies Limited regarding the receipt of work orders from Brihanmumbai Municipal Corporation (BMC) aggregating to Rs. 135.20 Crores.

Markolines Pavement Technologies Ltd · 543364

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Markolines Pavement Technologies Ltd has received two work orders from Brihanmumbai Municipal Corporation (BMC) worth ₹135.20 Crores for highway microsurfacing and resurfacing in Mumbai.

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Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment9/10

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Markolines Pavement Technologies Ltd - 543364 - Announcement under Regulation 30 (LODR)-Press Release / Media Release

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5th November, 2026 To, To, BSE Limited National Stock Exchange of India P. J. Towers, Dalal Street, Limited Fort, Mumbai – 400001. Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai – 400051. Kind attention: Department of Corporate Kind attention: Listing Dept. Services. BSE Scrip ID: 543364, NSE Symbol: MARKOLINES BSE Script Code: MARKOLINES Subject: General disclosure of Press Release for receipt of Work Orders. Dear Sir / Madam, Please find enclosed herewith a Press Release issued by the Company regarding the receipt of work orders from the Brihanmumbai Municipal Corporation (BMC) for the execution of works on the Eastern Express Highway and Western Express Highway, aggregating to ₹135.20 Crores. The Press Release is being submitted for the information of the shareholders and other stakeholders. You are requested to take the above information on record. For Markolines Pavement Technologies Limited Sanjay Patil Chairman & Managing Director DIN: 00229052 Registered Office: 502, Wing-A, Shree Nand Dham, Sector 11, CBD Belapur, Navi Mumbai 400614 Maharashtra, India Corporate Office: 6th Floor, Wing-A, Shree Nand Dham, Sector 11, CBD Belapur, Navi Mumbai 400614 Maharashtra, India +91 22 6266 1111 Info@markolines.com www.markolines.com CIN: L99999MH2002PLC156371 (Formerly Markolines Traffic Controls Ltd.) Markolines Pavement Technologies Secures Two Work Orders Worth ₹135.20 Crore from BMC for Highway Microsurfacing and Resurfacing in Mumbai Mumbai, November 05, 2026: Markolines Pavement Technologies Ltd. (BSE: 543364, NSE: MARKOLINES), a leading highway operations and maintenance (O&M) and specialised infrastructure solutions company, today announced that the company has secured two Letters of Acceptance-cum-Work Orders from the Brihanmumbai Municipal Corporation (BMC), aggregating to ₹135.20 crore (inclusive of GST). The work orders encompass microsurfacing and resurfacing activities across two of Mumbai's key arterial road networks: • Eastern Express Highway (EEH): Resurfacing of critical portions through microsurfacing, with a contract value of ₹63.23 crore (inclusive of GST). • Western Express Highway (WEH): Improvement of the main carriageway using microsurfacing techniques, with a contract value of ₹71.97 crore (inclusive of GST). Mr Sanjay Patil, Founder, Chairman & Managing Director of Markolines Pavement Technologies Limited, said, “Securing these significant work orders from BMC marks an important milestone for Markolines and reflects the confidence placed in our technical expertise and execution capabilities. The Eastern and Western Express Highways are among Mumbai's most critical transportation corridors and being entrusted with their resurfacing further reinforces our position in specialised pavement maintenance solutions. We remain focused on strengthening our presence in the highway operations and maintenance segment, leveraging our specialised capabilities to participate in the growing opportunities in India's road infrastructure sector.” Mr Vijay Oswal, Founder and Chief Financial Officer, Markolines Pavement Technologies Limited, added, “With the addition of these work orders, our total current unexecuted order book has reached ₹624.22 crore, providing enhanced business visibility and a strong foundation for our growth journey. Our priority will be to ensure efficient execution through disciplined project planning, optimal resource allocation and stringent cost management. We remain focused on converting our growing order book into sustainable business performance while maintaining operational and financial discipline.” These projects further strengthen Markolines' presence in the highway operations and maintenance segment and underscore its ability to deliver specialised pavement solutions for critical road infrastructure. The work orders also give the Company an opportunity to demonstrate its technical expertise and execution capabilities on two of Mumbai's most important and critical highway corridors. About Markolines Pavement Technologies Limited: Established in 2002, Markolines Pavement Technologies Limited (Markolines) is one of India’s leading highway operations and maintenance (O&M) and specialized infrastructure solution providers. Markolines is the only listed company operating in this segment. With a strong focus on innovation and execution excellence, the company offers the most comprehensive suite of services in highway maintenance – spanning from Major Maintenance & Repairs (MMR), Rigid Pavement (concrete road) Maintenance, specialised maintenance services and specialised construction activities. From reintroducing and reviving micro- surfacing in India, to bringing Cold In-Place Recycling (CIPR), Full Depth Reclamation (FDR), techniques into the mainstream, the company has consistently been at the forefront of technologies innovation. Headquartered in Navi Mumbai, Markolines has successfully executed over 5,670 lane kilometers of highway maintenance work across multiple states in India. The Company is recognized for several pioneering maintenance techniques in the Indian road maintenance sector and is leveraging its engineering expertise and specialized skill set to expand into other infrastructure segments such as Marine Infrastructure and Sports Infrastructure. Markolines migrated to the BSE Mainboard and began trading its securities on June 12, 2025. Building on this progress, the Company has achieved another significant milestone with its listing on the NSE Mainboard in October 2025, enhancing market visibility, improving liquidity, and broadening access for a wider base of investors. With a pan-India presence and a dedicated team of professionals, Markolines remains committed to enhancing the quality, safety and sustainability of India’s road infrastructure. For further information, please contact website: www.markolines.com For Media Queries Deepali Shah 90295 57708 deepali@fortunapr.com For IR Queries Rajshree Ganguly 98338 07235 rajshree@fortunapr.com