MRC Agrotech Ltd approved the acquisition of approximately 51.46 acres of land in District Nandurbar, Maharashtra, on a long-term lease basis to support its agricultural operations and business expansion. The Board of Directors, at its meeting held on June 22, 2026, sanctioned the lease which is subject to the execution of definitive agreements and completion of necessary formalities. The lease period involves yearly renewal up to a 10-year period.

The Board also approved the conversion of loans and advances aggregating approximately ₹3.88 Crores into equity investment in its 51% owned subsidiary, Agronica Seeds Spark Private Limited. This transaction involves converting existing loans and advances already reflected in the books of the company into equity investment, and does not involve any fresh disbursement of funds. The conversion is based on a valuation report issued by an IBBI Registered Valuer.

Related Party Transaction and Capitalisation

Agronica Seeds Spark Private Limited is a subsidiary of the company, and the conversion of loans into equity constitutes a Related Party Transaction under the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction was approved by the Audit Committee and the Board of Directors.

The Board further reviewed and approved the capitalisation of eligible completed Work-in-Progress into the appropriate Fixed Asset categories. This action was taken in accordance with the applicable provisions of the Companies Act, 2013 and relevant Accounting Standards or Indian Accounting Standards.

Transaction Details

MRC Agrotech Ltd has scheduled a board meeting on June 22, 2026, to consider a proposal to take approximately 50 acres of land on a long-term lease for its business and operational requirements. The meeting will also address the conversion of loans and advances aggregating approximately ₹3.88 crore into equity investment in its 51% owned subsidiary, based on valuation reports from IBBI Registered Valuers.

The board will discuss the recognition and capitalization of eligible completed Work-in-Progress that can be converted into appropriate Fixed Asset categories in accordance with applicable accounting standards. This move aims to align the company's financial reporting with statutory requirements.

The proposal to convert the substantial loan amount into equity marks a significant shift in the capital structure of the subsidiary. The valuation reports obtained from IBBI Registered Valuers will play a crucial role in determining the terms of this conversion.

Agenda Items

The meeting, convened pursuant to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, will cover the following key matters:

Any other matter with the permission of the Chair may also be taken up during the meeting. The intimation was submitted by Rahul Mathur, Company Secretary & Compliance Officer of MRC Agrotech Ltd .