MRC Agrotech Ltd has entered into a Collaboration and License Agreement with Banaras Hindu University (BHU), Varanasi, to commercialize the wheat variety HUW 838. The agreement, signed on 17 July 2026, grants the company a non-exclusive and non-transferable licence for the production, processing, packaging, marketing, and sale of Foundation Seed, Certified Seed, and Truthfully Labelled Seed. This strategic partnership aims to strengthen the company's seed portfolio and enhance technology-driven agricultural solutions.

The licence has been granted for an initial period of five years, with provisions for renewal by mutual consent. Under the terms of the agreement, the intellectual property and breeder's rights relating to the HUW 838 variety will continue to vest with Banaras Hindu University. The wheat variety was developed by the agricultural scientists of the Institute of Agricultural Sciences at BHU.

Key Agreement Details

Strategic Implications

The collaboration marks a significant milestone in MRC Agrotech's strategy of partnering with premier academic and research institutions. The company expects this association to contribute towards sustainable agricultural growth and benefit the farming community through the wider dissemination of improved crop varieties. The agreement aligns with the shared commitment of both entities to promote scientific innovation and technology transfer in the agricultural sector.

MRC Agrotech Ltd announced the demise of its Non-Executive Independent Director, Shri Jainendra Baxi, on July 1, 2026. The company received the information regarding his passing on the same day. This development was disclosed to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company described the event as a sudden and unexpected loss. In its filing, MRC Agrotech Ltd stated that Baxi's passing would be an irreparable loss to the organization. The directors and employees conveyed their deep sympathy, sorrow, and condolences to his family.

Regulatory Filing Details

The disclosure provided specific timelines regarding the event and the company's receipt of the information.

The company confirmed that it intends to fill the vacancy created by Baxi's demise. It stated that the appointment would be made within the stipulated time as permissible under the law. The filing was signed by Rahul Mathur, Company Secretary & Compliance Officer.