Dear Sir, Please find attached herewith Corrigendum to EGM Notice along with the revised EGM Notice as per instructions received from BSE. This is for your records. Thanks and ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
MRC Agrotech has filed a corrigendum to its June 28, 2025 EGM notice, correcting missing Ultimate Beneficial Owner (UBO) details for two allottees (Vikram Bajaj HUF and Sillenium Infra Project Pvt Ltd) and fixing typographical errors in pre-preferential shareholdings and post-issue shareholding pattern tables. The EGM will seek shareholder approval to issue 21,97,910 equity shares on a preferential basis for cash at Rs. 19.50 per share (raising about Rs. 4.29 crore), and 86,42,097 equity shares as consideration other than cash to acquire 100% of MARSAPI Lifesciences Pvt Ltd (valued at about Rs. 16.85 crore). The company also proposes to increase its authorized share capital from Rs. 20.5 crore to Rs. 35.5 crore. Post-issue, promoter shareholding will rise from 14.64% to 21.65%, with no change in control.
The preferential issue and share-swap acquisition will dilute existing shareholders' stakes, expanding total equity from about 2.05 crore shares to 3.13 crore shares. While the cash component is small (~Rs. 4.29 crore), the larger share-swap deal effectively funds the MARSAPI Lifesciences acquisition through equity dilution, which existing shareholders should weigh when voting at the EGM.