Announced Wed, 24 Jun · 11:48 IST
29th AGM held; stock split, dividend, higher borrowing limits approved
Board & Shareholder Meetings View source PDF
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Price reaction · full curve 14 horizons · vs prior close
+4.4%1-day move
₹550.75
prior close
₹566.45
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1+0.3+0.3+0.0+4.4+2.8+2.2+7.9+10.0—————
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AI summary
Madhya Bharat Agro Products held its 29th AGM on June 24, 2026 via video conferencing from 11:00 to 11:28 AM. All directors were present and the auditor's report had no qualifications. Members approved 14 resolutions including stock split (1 share of Rs 10 into 5 shares of Rs 2), dividend for FY 2025-26, borrowing power hike to Rs 2,500 crore, fund raising plan, and material related party deals with Ostwal Phoschem, Krishana Phoschem, and Shri Ganpati Fertilizers.
Likely market impact
Stock split (1 into 5) should improve share liquidity; dividend declared; larger borrowing and fund raising capacity approved. Voting results awaited.