Dear Sir, Please find the attachment. Regards, For MRC Agrotech Limited Compliance Officer / Authorised Signatory
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MRC Agrotech Ltd has called an EGM on June 28, 2025 at 3 PM via video conferencing, with remote e-voting from June 25–27, 2025. Four key resolutions are on the agenda: (1) Issue of up to 21,97,910 equity shares at Rs. 19.50 each (about Rs. 4.29 crore) on a preferential, cash basis to non-promoter/public investors; (2) Issue of up to 86,42,097 equity shares at Rs. 19.50 each (about Rs. 16.85 crore) as consideration other than cash to acquire 100% of MARSAPI Lifesciences Pvt Ltd through a share swap; (3) Increase in authorised share capital from Rs. 20.5 crore to Rs. 35.5 crore; and (4) Alteration of Articles of Association. The director Mr. Sadanandan Azadathil Choikandy has resigned due to advanced age. The EGM also notes appreciation for the outgoing director.
If approved, the company will issue about 1.08 crore new equity shares, leading to significant dilution for existing shareholders. About Rs. 4.29 crore will come in as cash while the larger Rs. 16.85 crore issue is a non-cash swap for a pharma/lifesciences acquisition. Shareholders should review the dilution impact and the strategic rationale for acquiring MARSAPI Lifesciences before the June 21, 2025 cut-off date for e-voting eligibility.