MRP Agro Limited (BSE SME Scrip Code: 543262, ISIN: INEODT801012) announced the outcome of its Board of Directors meeting held on July 29, 2025. The meeting commenced at 4:00 PM and concluded by 4:30 PM, during which the Board took key decisions related to the company’s governance and capital structure.

Annual General Meeting and Related Approvals

The Board fixed the date for the 7th Annual General Meeting (AGM) to be held on Monday, August 25, 2025, at the company’s registered office located at Plot No. 22 Unit-Dal Mill, Semi Urban Industrial Area, Dhonga, Tikamgarh, Madhya Pradesh. The notice for the AGM will be issued shortly.

Additionally, the Board set the dates for closure of the Register of Members and Share Transfer Books and approved the appointment of a scrutinizer to oversee the e-voting and poll processes for the AGM.

The cut-off date for determining shareholders eligible to vote through e-voting and at the AGM was also fixed.

Appointment of Auditors

The Board appointed M/s MSV & Associates, Company Secretaries, Jaipur, as the Secretarial Auditor for the financial year 2025-26. M/s MSV & Associates are recognized for their expertise in corporate laws, compliances, SEBI regulations, and advisory services.

Simultaneously, M/s Anshul K. Jain & Associates, Chartered Accountants, Indore, were appointed as the Internal Auditor for FY 2025-26. This firm specializes in auditing, taxation, and corporate legal matters.

Preferential Issue of Fully Convertible Warrants

A significant corporate action approved by the Board was the creation and issuance of up to 3,91,730 fully convertible warrants on a preferential basis to promoters and promoter group members. Each warrant will be convertible into one equity share of face value ₹10 at an issue price of ₹130 per share (including a premium of ₹120).

The total consideration from this issue could aggregate up to approximately ₹5.09 crore. The warrants can be converted into equity shares any time within 18 months of allotment, in one or more tranches, subject to regulatory approvals and shareholder consent.

An upfront payment of 25% of the warrant price is payable at subscription, with the balance 75% payable upon conversion.

Post-Issue Shareholding Pattern

Post-conversion of the warrants, the promoters’ shareholding is expected to increase, consolidating their control, with four investors subscribing to the warrants.

About MRP Agro Limited:

MRP Agro Limited operates in processing dal mill pulses, cattle feed manufacturing, and exports of food grains, coal, and fly ash. The company is listed on the BSE SME platform under the symbol MRP and is committed to strengthening its business through strategic financial and operational initiatives.

This disclosure complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other applicable laws.

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