Madhya Bharat Agro Products has approved the sub-division of its equity shares from a face value of ₹10 to ₹2, effectively implementing a 1:5 stock split to enhance liquidity and broaden the shareholder base. The Board of Directors approved this corporate action during its meeting held on May 26, 2026, alongside several other key resolutions aimed at strengthening the company's financial and operational framework.

Key Details of the Stock Split

The Board approved the sub-division of one fully paid-up equity share of ₹10 each into five fully paid-up equity shares of ₹2 each. This adjustment is subject to the approval of the shareholders and other regulatory or statutory approvals. The record date for the sub-division will be intimated in due course. The rationale behind the split is to make the shares more affordable and accessible to a wider base of investors, thereby increasing trading volumes without affecting the overall capital structure or intrinsic value of the company.

Capital Structure Changes

Consequent to the sub-division, the company will alter the capital clause of its Memorandum of Association. The authorized share capital will be revised to ₹110 crore, divided into 55 crore equity shares of ₹2 each. The issued, subscribed, and paid-up equity share capital will adjust to 43,81,34,700 equity shares of ₹2 each, up from 8,76,26,940 shares of ₹10 each. The split is expected to be completed within 2-3 months from the date of shareholder approval.

Fund Raising and Board Approvals

The Board noted that a previous approval to raise ₹1000 crore could not be pursued due to market conditions. Consequently, the Board decided to seek fresh shareholder approval at the ensuing Annual General Meeting to issue further securities up to ₹1000 crore. This may include equity shares, preference shares, debentures, or warrants through modes such as private placement, preferential issue, or QIP. Additionally, the Board approved increasing borrowing powers and the limit for creating mortgages on assets up to ₹2500 crore each, subject to shareholder approval. The Board also recommended the continuation of Mr. Paras Mal Surana as a Non-Executive Independent Director upon attaining the age of 75 years.

AGM Schedule and Record Dates

The Annual General Meeting (AGM) is scheduled for Wednesday, June 24, 2026, via video conferencing. The record date for determining eligibility for e-voting and the payment of the final dividend has been fixed as June 17, 2026. The cut-off date for the dispatch of the AGM notice is May 22, 2026. Mr. Sourabh Bapna has been appointed as the Scrutinizer for the e-voting process, and National Securities Depository Limited (NSDL) will facilitate the e-voting.

Madhya Bharat Agro Products Ltd. has fixed Wednesday, June 17, 2026, as the record date to determine shareholder eligibility for the final dividend for the financial year ended March 31, 2026, subject to declaration. This date will also ascertain the members eligible to participate through remote e-voting at the company's 29th Annual General Meeting, which is scheduled for Wednesday, June 24, 2026, at 11:00 AM IST via video conferencing.

The record date cut-off is established in accordance with Regulation 42 of the SEBI (Listing Obligation and Disclosure Requirement) Regulation, 2015. Shareholders holding shares on this date will be entitled to receive the dividend, if declared by the board, and vote on the resolutions proposed at the upcoming AGM. The meeting will be conducted through Video Conferencing / Other Audio-Visual Means (VC / OAVM) only, without physical presence at the registered office in Bhilwara.

Remote e-voting facilities will be available to eligible members starting Saturday, June 20, 2026, at 9:00 AM IST. The voting window will remain open until Tuesday, June 23, 2026, ending at 5:00 PM IST. This mechanism allows shareholders to cast their votes remotely without attending the physical meeting. The Notice of the AGM and Annual Report for FY26 will be sent to shareholders with registered email addresses and made available on the company's website.

Dividends for FY 2025-2026 will be electronically credited directly to the bank accounts of members. For shareholders with demat holdings, the dividend will be credited based on bank details updated with the Depository Participants. Those with physical share holdings must ensure their bank account details are updated with the Registrar and Transfer Agent (RTA) to receive the payout.

Members who have not updated their bank account details with their respective Depository Participants or RTA are advised to do so immediately to avoid delays in receiving the dividend payment. The company intimated this information to the National Stock Exchange of India Ltd. on May 26, 2026.

Key Dates for Shareholder Action