Pursuant to Regulation 30 and other provisions of SEBI LODR Regulation, 2015, we would like to inform that Board of Directors of the company in their meeting held today i.e., Tuesday, July ....
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MRP Agro's Board met on July 29, 2025 and approved multiple items. The 7th Annual General Meeting was fixed for August 25, 2025 at the company's registered office in Tikamgarh, Madhya Pradesh, along with the e-voting cut-off and scrutinizer appointments (CDSL as e-voting service provider). The Board approved the issue of up to 3,91,730 Fully Convertible Warrants on a preferential basis to Promoters and Promoter Group at Rs. 130 per share (face value Rs. 10, premium Rs. 120), aggregating up to Rs. 5.09 crore; each warrant is convertible into 1 equity share within 18 months, with 25% payable upfront and 75% on conversion. Mrs. Raksha Jain was re-appointed as Non-Executive Director (retiring by rotation). M/s MSV & Associates was appointed as Secretarial Auditor and M/s Anshul K. Jain & Associates as Internal Auditor for FY 2025-26. Post-issue, promoter holding rises marginally from 65.67% to 66.84%, with public shareholding dipping from 34.33% to 33.16%.
The preferential warrant issue is a small promoter-led capital infusion of about Rs. 5.09 crore, resulting in minimal dilution for public shareholders (~1.2 percentage points). The AGM and routine auditor/director appointments are standard governance matters with no material negative implication for shareholders.