Dear Sir, Please find the attachment. Regards, For MRC Agrotech Limited Compliance Officer/ Authorised Signatory
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 Limited held an Extraordinary General Meeting (EGM) on June 28, 2025, via video conferencing. Shareholders approved all four special resolutions with 100% votes in favor (7,221,070 votes for, just 6 votes against out of 7,221,076 total valid votes). The resolutions include: (1) preferential allotment of equity shares for cash, (2) preferential allotment of equity shares other than for cash, (3) increase in authorized share capital and alteration of the capital clause of the Memorandum of Association, and (4) alteration of Articles of Association. Promoter group (1 member with 2,807,055 shares) and public non-institutional shareholders (44 members with 4,414,015 shares) both voted entirely in favor. Voting was conducted via NSDL's remote e-voting platform from June 25 to June 27, 2025.
Shareholders have greenlit two preferential allotments, an increase in authorized share capital, and amendments to the company's MOA and AOA. This paves the way for fresh equity issuance, which will dilute existing shareholders' stakes once shares are actually allotted. Investors should watch for the next announcement detailing issue price, number of shares, and allottees to assess the magnitude of dilution.