MVK Agro Food Product Limited has announced a key management change with the resignation of its Company Secretary and Compliance Officer. The company disclosed this development through a regulatory filing under SEBI regulations, marking an important corporate governance update.

Key Management Personnel Change

Ms. Swapna Rajaram Bansode has tendered her resignation from the position of Company Secretary and Compliance Officer, effective from the closing of business hours on April 30, 2026. The resignation has been attributed to personal reasons, as stated in the company's official communication to the National Stock Exchange of India Limited.

Regulatory Compliance and Disclosure

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure follows the requirements under Para A, Part A of Schedule III of the listing regulations, ensuring full transparency with stakeholders and regulatory authorities.

The company's Managing Director, Marotrao Vyankatrao Kawale (DIN: 06421662), signed the regulatory filing dated April 24, 2026, confirming the resignation and the company's commitment to maintaining proper corporate governance standards.

Succession Planning

MVK Agro Food Product Limited has indicated that it is actively working to fill the vacant position. The company stated that it is in the process of identifying and hiring a suitable candidate for the Company Secretary and Compliance Officer role. The management has committed to informing the stock exchanges once the vacancy is filled, ensuring continuity in compliance and secretarial functions.

Company Background

MVK Agro Food Product Limited operates from its registered office located at Gut No. 44 and 46, Kusumnagar, At Post Waghallwada, Umari, Nanded - 431807, Maharashtra, India. The company is incorporated under CIN: L15316MH2018PLC304795 and trades on the National Stock Exchange under the symbol MVKAGRO.

MVK Agro Food Product has received environmental clearance for its proposed ethanol distillery plant in Maharashtra, marking a significant milestone in the company's expansion plans. The approval covers the establishment of a comprehensive ethanol production facility with integrated power generation capabilities.

Project Specifications

The approved project encompasses substantial production and power generation capacity designed to meet industrial requirements.

Strategic Development

The environmental clearance represents a crucial regulatory approval that enables MVK Agro Food Product to proceed with the construction and operation of the ethanol distillery. The integrated approach combining ethanol production with cogeneration power facilities demonstrates the company's focus on efficient resource utilization.

The 120 KLPD capacity positions the facility as a significant ethanol production unit, while the 2.5 MW cogeneration component will provide power generation capabilities. The location in Nanded, Maharashtra, places the facility in a region with established agricultural and industrial infrastructure.

Regulatory Milestone

Environmental clearance is a mandatory requirement for industrial projects in India, particularly for facilities involving chemical processing and power generation. This approval indicates that the proposed project has met the necessary environmental standards and regulatory requirements for establishment and operation in Maharashtra.