MRC Agrotech Ltd reported a standalone net profit of ₹116.35 lakh for the year ended March 31, 2026, on revenue from operations of ₹8,596.81 lakh. The company’s board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on June 6, 2026. Choudhary Choudhary & Co., Chartered Accountants, issued an unmodified opinion on the financial statements.

The auditors identified key audit matters related to back-to-back trading transactions, a concentration of taxable supplies in March 2026, and the classification of exempt sales in GST returns. A significant portion of the company’s taxable outward supplies, aggregating to approximately ₹38.10 crore, was recognized during March 2026. Additionally, substantial trading transactions were undertaken with two counterparties related to each other, accounting for approximately 53% of purchases and 23% of sales during the year.

The audit report emphasized an investment of ₹16.85 crore in Marsapi Lifesciences Private Limited, a wholly-owned subsidiary acquired via a share-swap agreement. The company issued up to 86,42,097 equity shares at ₹19.50 per share for the acquisition. The auditors also highlighted an agreement with Cicago Commodities Private Limited for the assignment of loans totaling ₹7,30,00,978 on a non-recourse basis.

On a consolidated basis, the company reported a net profit of ₹131.69 lakh for the year ended March 31, 2026, on revenue from operations of ₹9,039 lakh. The auditors noted that the company’s books of account record exempt sales of ₹81.14 crore; however, the GSTR-3B returns filed for FY 2025-26 do not separately report the exempt supply. The auditors advised the company to correct the classification in future GSTR-3B filings.

MRC Agrotech Limited has announced that its Board of Directors is scheduled to convene on May 30, 2026, to consider and approve key financial disclosures for the recently concluded fiscal year. The notice, dated May 11, 2026, was addressed to the Department of Corporate Services at the Bombay Stock Exchange Limited and was issued from Mumbai.

Board Meeting Agenda

The primary agenda of the upcoming board meeting pertains to the review and approval of the company's audited financial results. The following items are listed for consideration:

• Approval of the Standalone and Consolidated Audited Financial Results of MRC Agrotech Limited for the quarter and year ended March 31, 2026
• Any other business with the permission of the Chair

Meeting Details at a Glance

The key details of the scheduled board meeting are summarised below:

Regulatory Compliance

The board meeting notice has been filed in accordance with Regulation 33 of the applicable listing obligations, which governs the submission of financial results by listed entities. The notice was signed by Rahul Mathur, Company Secretary and Compliance Officer of MRC Agrotech Limited. The company was formerly known as MRC Exim Ltd.