MRC Agrotech Ltd announced key changes to its board composition following a meeting held on February 24, 2026. The company's board of directors approved both a resignation and a new appointment, marking significant developments in its corporate governance structure.

Director Resignation Details

The board accepted the resignation of Mr. Sanjay Kumar Singh (DIN: 06928519) from his position as Non-Executive Director, effective February 24, 2026. Singh submitted his resignation letter on February 17, 2026, citing personal reasons for his departure from the company.

New Director Appointment

Based on the recommendation of the Nomination and Remuneration Committee, the board approved the appointment of Mr. Parmar Vishal Surendra (DIN: 10965417) as Additional Director for a term of 5 years, effective February 24, 2026. The appointment is subject to regularization by the company's shareholders.

Board Meeting Proceedings

The board meeting commenced at 4:30 PM and concluded around 5:00 PM on February 24, 2026. The company confirmed that there are no inter-se relations between the newly appointed director and other board members. Mr. Parmar Vishal Surendra does not hold any directorships in other public listed entities and has not resigned from any listed entities in the past three years.

Regulatory Compliance

The company has fulfilled all disclosure requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The detailed disclosures include comprehensive information about both the outgoing and incoming directors, ensuring full transparency for stakeholders and regulatory authorities.

The announcement was signed by Rahul Mathur, Company Secretary & Compliance Officer, and submitted to BSE Limited for record-keeping and compliance purposes.

MRC Agrotech Ltd has issued a formal clarification to BSE Limited regarding recent movements in its share price, confirming that no material events or unpublished price sensitive information have contributed to the stock's performance. The company responded to a surveillance inquiry from the exchange dated April 6, 2026.

Regulatory Compliance Confirmation

The company has categorically stated that there are no material events or information requiring disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015, which may have influenced the price movement of its securities. Additionally, MRC Agrotech confirmed that there is no unpublished price sensitive information (UPSI), as defined under the SEBI (Prohibition of Insider Trading) Regulations, 2015, that has not been disclosed to the stock exchange.

Attribution of Price Movement

MRC Agrotech has stated that it is not aware of any factors within its control that could have led to the recent movement in share price. The company attributes the price fluctuation to external factors including:

• General market trends
• Investor sentiment
• Sectoral developments

The company emphasized that it has been regularly disseminating all information and announcements that may impact its operations or performance, including price sensitive information, in full compliance with applicable regulations.

Corporate Commitment

MRC Agrotech has reiterated its commitment to maintaining compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015. The company assured that it will promptly inform the stock exchange of any material developments as and when they arise. The clarification was signed by Rahul Mathur, Company Secretary & Compliance Officer, and dated April 7, 2026, from Mumbai.