MRP Agro Limited has submitted to BSE the outcome of Board Meeting held today to consider and approve the allotment of 3,91,730 fully convertible equity warrants on preferential basis to ....
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MRP Agro Limited's board, at its meeting on December 31, 2025, approved the allotment of 3,91,730 fully convertible equity warrants on a preferential basis to the promoter and promoter group. Each warrant, carrying a face value of Rs. 10, is priced at Rs. 130 (a premium of Rs. 120), taking the total issue size to about Rs. 5.09 crore. All four allottees — Manish Kumar Jain (1,27,000), Raksha Jain (1,42,000), Manish Kumar Jain HUF (1,21,000), and Roshni Jain (1,730) — belong to the promoter/promoter group, so there is no outside equity coming in. Allottees must pay 25% upfront now and the remaining 75% within 18 months when they choose to convert the warrants into equity shares. Separately, Ms. Akanksha Aswani (ACS-41662) was appointed as Company Secretary & Compliance Officer with effect from January 1, 2026.
There is no immediate dilution for existing retail shareholders since warrants are being issued only to the promoter group; paid-up equity capital stays unchanged until conversion. If all warrants are converted within 18 months, the promoter group's stake will edge up marginally, further consolidating existing promoter control rather than bringing in new investors.