Announced Thu, 25 Jun · 18:27 IST
AGM 2026: All 14 resolutions passed, key items include 1:5 stock split and fund raise
Board & Shareholder Meetings View source PDF
MBAPL · price
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Price reaction · full curve 14 horizons · vs prior close
-2.1%1-day move
₹575.00
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₹583.90
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AI summary
Madhya Bharat Agro Products held its 29th AGM on June 24, 2026 via video conferencing. All 14 resolutions passed with over 99 percent support. Key items: FY26 audited financials adopted, dividend for FY26 declared, stock split from Rs 10 to Rs 2 face value (1 share to 5), fund raising through QIP/private placement approved, and material related party deals with Ostwal Phoschem, Krishana Phoschem and Shri Ganpati Fertilizers. Promoters hold 6.55 crore shares (about 75 percent).
Likely market impact
Shareholders approved 1:5 stock split, FY26 dividend, and fresh capital raise (possible dilution). All resolutions had near-unanimous support.