MRP Agro Limited has informed the Exchange about fund raising by issuance of Convertible Warrants on preferential basis to Promoters and Promoter Group
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MRP Agro Limited's board, meeting on July 29, 2025, approved the issuance of up to 3,91,730 Fully Convertible Equity Warrants to Promoters and Promoter Group on a preferential basis. Each warrant is convertible into 1 equity share of face value Rs. 10 at an issue price of Rs. 130 per share (including a Rs. 120 premium), aggregating up to Rs. 5.09 crore. Allottees include Manish Kumar Jain, Raksha Jain, Jain Tube, and Roshni Jain (4 promoter-group investors). 25% of the issue price is payable upfront at subscription, with the remaining 75% due upon warrant exercise within 18 months. The board also fixed August 25, 2025 as the date for the 7th AGM and approved the re-appointment of Raksha Jain as Non-Executive Director.
This is a promoter-group infusion of around Rs. 5 crore, signalling insider confidence but also leading to mild equity dilution (promoter holding moves from ~65.67% to ~66.84% post full conversion). Existing public shareholders may view this as modestly dilutive though it strengthens the company's capital base without adding debt.