M.V.K. Agro Food Product Limited reported a consolidated net profit of ₹4,663.15 lakh for the financial year ended March 31, 2026, a substantial increase from ₹933.34 lakh in the previous year. The board of directors, in a meeting held on May 30, 2026, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. Additionally, the board approved a proposal to raise funds up to ₹50 crore via a rights issue of equity shares with a face value of ₹10 each.

The rights issue is subject to regulatory and statutory approvals, including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company will determine the record date, ratio, and price of the issue in due course. The issuance will be conducted in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Companies Act, 2013.

Key Financial Highlights for FY26

The board also approved the appointment of Mr. Pankaj Pandav as an Additional Director (Non-Executive - Independent Director) for five years effective from June 20, 2026. Mr. Ankitkumar Tank was appointed as the Company Secretary and Compliance Officer effective immediately. Furthermore, M/s. Kabra & Maliwal, Chartered Accountants, were appointed as Internal Auditors for FY 2026-27 and onwards. The salary of Mr. Sandip Marotrao Kawale, Chief Financial Officer, was increased to not exceeding ₹2,00,000 per month effective from June 1, 2026.

M/s. N B T and Co, Statutory Auditors, issued an unmodified opinion on the audited standalone and consolidated financial results. The company confirmed that no investor complaints were pending as of March 31, 2026.

M.V.K. Agro Food Product Limited has strengthened its board governance by appointing Mr. Pankaj Pandav as an Additional Director in the Non-Executive Independent category. The appointment is effective June 20, 2026, for a term of five years, pending approval by the company's shareholders. This strategic move aims to bolster the company's compliance and corporate governance framework with Mr. Pandav's specialized expertise.

The decision was taken during a board meeting held on May 30, 2026, following the recommendation of the Nomination and Remuneration Committee. The appointment is made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has disclosed that Mr. Pandav is not related to any other directors or key managerial personnel of the entity.

Mr. Pankaj Pandav is an Associate Member of the Institute of Company Secretaries of India (ICSI) and possesses around a decade of experience in secretarial compliances and corporate governance. His professional background includes active involvement in various capital market transactions such as Direct Listings, Initial Public Offerings (IPOs), Preferential Issues, Rights Issues, and Bonus Issues for listed companies. He holds a Bachelor of Commerce (B.Com.) and a Bachelor of Laws (LL.B.) degree.

The disclosure confirms that Mr. Pandav is not debarred from holding the office of Director by virtue of any SEBI order or any other regulatory authority. The formal notification was addressed to the National Stock Exchange of India Limited, providing details as required under SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Appointment Details