Madhya Bharat Agro Products Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 02, 2025
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Madhya Bharat Agro Products Limited has notified the NSE that its 28th Annual General Meeting (AGM) will be held on Tuesday, September 2, 2025, at 3:00 PM via video conferencing. The agenda includes adopting FY25 audited financials and declaring a dividend of ₹0.50 per share (5%) on equity shares of ₹10 face value. Key special business items include re-appointment of Mrs. Shruti Babel as Independent Director for a second 5-year term, re-appointment of Mr. Sourabh Gupta as Whole Time Director & CFO for 5 years with remuneration up to ₹60 lakh per annum, and approval to continue paying remuneration to Managing Director Mr. Pankaj Ostwal beyond SEBI-prescribed limits. The company is also seeking shareholder approval to raise up to ₹1,000 crore through QIP, GDRs, ADRs, or FCCBs, to enable conversion of outstanding loans into equity, and to approve material related party transactions with Ostwal Phoschem (up to ₹1,400 crore), Krishana Phoschem (up to ₹1,400 crore), and Shri Ganpati Fertilizers (up to ₹500 crore).
The dividend of ₹0.50 per share is a small but tangible return for shareholders. The proposed ₹1,000 crore fund raise and loan-to-equity conversion could lead to equity dilution, while the large related party transaction limits with group companies signal significant inter-group business activity that shareholders should monitor closely.