Madhya Bharat Agro Products Limited has informed the Exchange regarding Outcome of Board Meeting held on May 26, 2026.
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The Board of Directors of Madhya Bharat Agro Products Limited approved a 1-for-5 stock split, reducing face value from Rs 10 to Rs 2 per share. This will increase the number of equity shares from 8.76 crore to 43.81 crore shares while maintaining the same intrinsic value. The company also raised borrowing powers to Rs 2,500 crore and Section 185 limits to Rs 300 crore, both subject to shareholder approval at the AGM on June 24, 2026. Additionally, the Board seeks fresh shareholder approval for issuance of securities up to Rs 1,000 crore through various modes including QIP, rights issue, preferential issue, and public issue, as the prior fund-raising plan could not be pursued due to market conditions. The record date for dividend is June 17, 2026.
The stock split will make shares more affordable and potentially increase liquidity and retail participation. The Rs 1,000 crore fund-raising approval signals significant capital needs for expansion, which could dilute existing shareholders if utilized. Increased borrowing powers provide financial flexibility for growth plans.