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.

MRC Agrotech has scheduled its 11th Annual General Meeting for September 30, 2026, and appointed M/s P C Surana & Co as its new statutory auditors. The board also inducted Parmar Vishal Surendra as a non-executive director.

The company confirmed the record date for the AGM is September 23, 2026. The register of members and share transfer books will remain closed from September 24, 2026, to September 30, 2026. Remote e-voting will be available from September 27, 2026, at 9:00 am to September 29, 2026, at 5:00 pm.

Director Appointment

Mr. Parmar Vishal Surendra was appointed as a non-executive, non-independent director. He currently serves as an additional director and holds 992 equity shares in the company. His tenure is set for five consecutive years, from February 24, 2026, to February 23, 2031. He is not related to any existing director or key managerial personnel.

Auditor Transition

The board approved the resignation of M/s Choudhary Choudhary & Company, effective from the conclusion of the ensuing AGM. The outgoing firm cited professional commitments as the reason for stepping down. M/s P C Surana & Co will serve as statutory auditor from the conclusion of the AGM until the conclusion of the annual general meeting for the financial year 2030-31.

AGM Details

The meeting will be held via Video Conferencing or Other Audio Visual Means at 12:30 pm. The notice along with the Annual Report is available on the company website.