Madhya Bharat Agro Products Limited has informed the Exchange regarding Outcome of Board Meeting held on May 26, 2026.
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Madhya Bharat Agro Products Limited's board approved several significant proposals at its May 26, 2026 meeting. Key decisions include a stock split of 1 equity share of Rs. 10 face value into 5 shares of Rs. 2 each, aimed at improving liquidity and accessibility for retail investors. The board also seeks shareholder approval to increase borrowing powers to Rs. 2,500 Crores and raise funds up to Rs. 1,000 Crores through various securities issuance modes (equity, bonds, debentures, warrants). The previous fund-raising plan of Rs. 1,000 Crores failed due to adverse market conditions. The authorized share capital will be restructured to 55 crore shares of Rs. 2 each. The 29th AGM is scheduled for June 24, 2026, with June 17, 2026 as the record date for dividend eligibility.
The stock split will make shares more affordable and could increase trading volumes, benefiting retail participation. The proposed Rs. 1,000 Crores fund-raising could lead to shareholder dilution, while the increased borrowing limits indicate potential debt expansion plans for business growth.