MRC Agrotech Ltd shareholders approved all resolutions at its 11th Annual General Meeting with a 100% majority in favour. The meeting concluded on September 30, 2026, adopting FY26 financials and confirming key governance changes.

The company submitted the scrutinizer's report to BSE on October 1, 2026. The report confirmed that remote e-voting and electronic voting results showed zero votes against any of the four items put to vote. Total valid votes cast across all resolutions stood at 14,525,668.

Governance and board changes

Shareholders passed a special resolution to appoint Paramar Vishal Surendra as a Non-Executive Non-Independent Director. He was previously appointed as an Additional Director on February 24, 2026. His tenure will run for five consecutive years until February 23, 2031. He is not liable to retire by rotation.

The voting data revealed that all 50 members who voted cast their ballots in favour of his appointment. Promoter and promoter group members voted 6,591,569 shares, while public non-institutional investors voted 7,934,099 shares.

Auditor transition

The AGM addressed the change in the company's statutory audit firm. M/s Choudhary Choudhary & Company was confirmed for the FY26 audit period up to the conclusion of this meeting. Subsequently, shareholders approved the appointment of M/s PC Surana & Co. as the new Statutory Auditors.

PC Surana & Co. will hold office from the conclusion of the 11th AGM until the AGM for FY31. This appointment follows the recommendation of the Audit Committee and Board of Directors. The scrutinizer report confirmed that Item No. 4 regarding PC Surana & Co. also received 100% support from eligible voters.

Voting details

The following table summarizes the voting results for the key resolutions passed at the AGM:

What the numbers show

The voting pattern indicates complete alignment between promoters and public shareholders on all governance matters. With zero dissenting votes recorded across all four resolutions, the management secured unanimous approval for both the financial adoption and the structural changes in the board and audit team. The total valid votes of 14,525,668 represent the entire voting strength participating in the e-voting process, highlighting high engagement relative to the number of participants (50 members).

MRC Agrotech Ltd has entered into a strategic partnership with TSOT Ventures Private Limited, trading as "The Secret of Tea," to distribute its premium Temi Tea products. The agreement, executed on August 31, 2026, expands the company's retail footprint through both online and offline channels.

The partnership designates TSOT Ventures as a non-exclusive partner responsible for listing, supplying, and promoting Temi Tea via "The Secret of Tea" platform. This channel will manage a dedicated virtual store while retaining the right to scale market presence through strategic offline promotional activities such as exhibitions.

Commercial Terms

The agreement outlines strict financial controls to mitigate credit risk for MRC Agrotech Ltd. Key commercial parameters include:

• Payment Structure: All transactions require 100% advance bank transfers prior to product shipping.
• Pricing: The company supplies retail tea packets at a pre-agreed retail margin on the Maximum Retail Price (MRP).
• Logistics: MRC Agrotech Ltd handles delivery to the partner's designated warehouse.
• Returns Policy: Damaged or expired goods must be documented and reported within three working days of receipt for resolution via replacement or refund.

Duration and Exit Clauses

The partnership commences on August 31, 2026, and continues until terminated by either party with 30 days' written notice. The contract includes a cure period of fifteen days for material breaches, allowing either side to rectify issues before termination proceedings begin.

What the Numbers Show

The requirement for 100% advance payments creates a distinct working capital advantage for MRC Agrotech Ltd. By eliminating receivables from this channel, the company secures cash flow upfront while transferring inventory risk and logistics execution to the partner. This structure suggests a focus on margin preservation and liquidity protection rather than volume-driven credit sales.