Madhya Bharat Agro has scheduled an Extra Ordinary General Meeting (EGM) for Friday, August 28, 2026, to transact business as outlined in the forthcoming notice. The meeting will be held at 11:00 A.M. (IST) exclusively through Video Conferencing or Other Audio-Visual Means (VC/OAVM), with no physical presence required. This virtual format ensures broader accessibility for shareholders while maintaining regulatory compliance under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors has established specific timelines for the circulation of notices and voting eligibility. The cut-off date for determining the entitlement of remote e-voting rights is Friday, August 21, 2026. Shareholders registered in the company’s books on this date will be eligible to participate in the voting process. The notice for the EGM will be circulated to shareholders with a record date of July 24, 2026.

Voting Schedule and Mechanism

The company will provide facilities for both remote e-voting and e-voting during the EGM. The remote e-voting window is scheduled to open on Monday, August 24, 2026, at 9:00 A.M. IST and will close on Thursday, August 27, 2026, at 5:00 P.M. IST. This timeline allows shareholders ample opportunity to cast their votes electronically before the scheduled meeting date.

Procedural Details

The deemed venue for the meeting is the company’s registered office located at Wing A/1, 1st Floor, Ostwal Heights, Urban Forest, Atun, Bhilwara 311802. However, members are not required to be physically present at this location. Pallavi Sukhwali, Company Secretary (M.No. A43744), signed the intimation submitted to the National Stock Exchange of India Ltd. on July 29, 2026. The specific agenda items for the EGM will be detailed in the notice to be submitted in due course.

Madhya Bharat Agro Products Ltd reported a 17.0% year-on-year increase in Profit After Tax to ₹33.0 crore for Q1 FY27, driven by revenue from operations of ₹416.3 crore. The company's integrated manufacturing platform and diversified product portfolio helped it navigate elevated raw material prices and geopolitical uncertainties during the quarter. This disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The audio recording of the earnings conference call held on July 15, 2026, is available on the company's website.

Financial Performance

The company achieved resilient financial results despite a challenging operating environment marked by slightly delayed monsoon conditions. Revenue from operations for the quarter stood at ₹416.3 crore. The growth in bottom-line profitability reflects disciplined execution and operational efficiency.

Operational Highlights and Expansion

During the quarter, Madhya Bharat Agro Products Ltd strengthened its product portfolio with the introduction of new NPK grades to address evolving crop nutrient requirements. The company acquired an additional 52,600 sq. m. of adjoining land at its Dhule facility, increasing its total land bank to over 6.38 lakh sq. m. to reinforce its long-term growth platform.

The Dhule integrated fertilizer asset remains a key growth driver. Following the successful commissioning of the first phase, upcoming expansion phases are targeted for October 2026 and October 2027. These projects are designed to enhance integrated manufacturing capabilities, deepen backward integration, and expand presence across Western and Southern India.

Capacity Utilization

Operational metrics indicated varying utilization rates across different product lines. Single Super Phosphate (SSP) capacity utilization was 79%, while NPK/DAP utilization stood at 66%. The company reported capacity expansions, including an increase in Sulphuric Acid capacity from 165K MTPA to 528K MTPA effective March 31, 2026.

Strategic Outlook

Management highlighted that agricultural activity is gaining momentum supported by improving monsoon conditions and continued government initiatives. The company is positioned to benefit from the structural shift toward balanced crop nutrition, with a focus on phosphatic and sulphur-enriched fertilizers. The firm aims to achieve its Vision 2028 of building India's 3rd largest private-sector phosphatic fertilizer platform through capacity leadership and market penetration.