MRP Agro Limited has submitted to BSE the outcome of Board Meeting held today i.e., Monday March 02, 2026
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MRP Agro's board, at its meeting on March 2, 2026, approved the allotment of 3,91,730 fully paid-up equity shares (face value Rs. 10 each) to four promoter-group allottees upon their exercise of convertible warrants originally issued on a preferential basis on December 31, 2025. The issue price is Rs. 130 per share, which includes a premium of Rs. 120 over face value, and the company received Rs. 3.82 crore as the balance 75% amount from warrant holders (25% was paid earlier). Allottees are Manish Kumar Jain (1,27,000 shares), Raksha Jain (1,42,000 shares), Manish Kumar Jain HUF (1,21,000 shares) and Roshni Jain (1,730 shares). As a result, the paid-up equity capital rises from Rs. 11.11 crore to Rs. 11.50 crore. The company will apply to BSE for listing and trading approval of the newly allotted shares.
This is a promoter-group capital infusion with no change in promoter control; the small ~3.5% increase in paid-up capital is mildly dilutive for non-promoter shareholders, but signals promoter confidence and commitment to the company at a price of Rs. 130 per share.