Madhya Bharat Agro Products Ltd shareholders approved the sub-division of each existing equity share with a face value of ₹10 into five equity shares of ₹2 each at the 29th Annual General Meeting held on June 24, 2026. The meeting, conducted via Video Conferencing, also sanctioned increasing the company's borrowing powers and limits for asset disposal to ₹2500 crore each. These decisions aim to enhance liquidity and provide financial flexibility for future operations.

Voting Results and Key Resolutions

The scrutinizer, Sourabh Bapna of Sourabh Bapna & Associates, reported that 14 resolutions were passed during the meeting. The record date for determining eligibility was June 17, 2026. A total of 87,626,940 shares were held, with 76,316,760 votes polled, representing 87.09% of the outstanding shares.

Corporate Governance and Approvals

Shareholders ratified the remuneration of the Cost Auditor for the financial year ending March 31, 2027. Material related party transactions with Ostwal Phoschem (India) Limited, Krishana Phoschem Limited, and Shri Ganpati Fertilizers Limited were approved. Mr. Praveen Ostwal was re-appointed as a director, and Mr. Paras Mal Surana received approval to continue as Non-Executive Independent Director upon attaining the age of 75 years. Additionally, the company approved raising funds through various instruments, including qualified institutional placement and preferential issue, superseding earlier approvals.

Madhya Bharat Agro Products Ltd confirmed that none of its promoters or promoter group members have encumbered their shares as of March 31, 2026. The disclosure, submitted to the National Stock Exchange of India Ltd, ensures compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulatory requirement mandates transparency regarding any pledging or encumbrance of shares by promoters to safeguard shareholder interests.

The company stated that it received formal disclosures confirming the absence of any encumbrance by the promoters, the promoter group, or persons acting in concert. The certification covers the status of shareholdings as of the specified date, providing clarity on the financial standing of the key stakeholders in the company.

Promoter Confirmation

Pankaj Ostwal, a promoter of Madhya Bharat Agro Products Ltd , provided a personal declaration on behalf of the promoters and the promoter group. He confirmed that no new encumbrances, direct or indirect, were created during the financial year ended March 31, 2026, other than those previously disclosed.

The complete list of the promoter and promoter group is enclosed in Annexure-A attached to the regulatory filing. The communication was signed by Pallavi Sukhwali, Company Secretary, and Pankaj Ostwal, affirming the accuracy of the information provided to the stock exchange.

Promoter and Promoter Group Details

The following table lists the individuals and entities comprising the promoter and promoter group of the company as of the disclosure date: