MRP Agro Limited has announced significant progress in its ambitious flour mill project in Tikamgarh, Madhya Pradesh, with major financial and construction milestones achieved. The company has secured substantial funding and entered into key agreements to advance the project implementation.

Financial Arrangements and Construction Progress

The company has made substantial progress in project financing and construction arrangements:

Project Specifications

The new facility boasts impressive capabilities designed to meet growing market demand:

Infrastructure and Timeline

The project features a modern 33,000.00 sq. ft. Pre-Engineered Building (PEB) structure, ensuring an efficient and state-of-the-art layout for the milling operations. The company has outlined a comprehensive timeline for the project's completion:

Current Project Status

The company has completed initial preparatory activities, including site-related formalities, arranging necessary financing, and finalizing project design and approvals. The foundation and base construction have commenced, with purchase orders now placed with various suppliers for the required machinery. This marks significant progress in the physical project execution phase.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, MRP Agro has submitted the latest project updates to the BSE. The company has committed to providing regular progress reports throughout the implementation phase.

MRP Agro Limited continues to demonstrate its commitment to growth and innovation in the agricultural sector. The successful completion of this project is expected to bolster the company's market presence and operational efficiency, with the trial run scheduled for the end of March 2026.

MRP Agro Limited , a BSE SME-listed company specializing in pulses processing and food grain exports, has received in-principle approval from BSE Limited for its proposed convertible warrant issue. The company announced that BSE has granted approval for the issuance of convertible warrants on a preferential basis to its promoters and promoter group.

BSE Approval Details

Key Highlights of the Warrant Issue

The BSE approval covers the issuance of up to 3,91,730 warrants convertible into an equal number of equity shares of Rs. 10.00 each. The warrants are priced at Rs. 130.00 per warrant, comprising a face value of Rs. 10.00 and a premium of Rs. 120.00.

Regulatory Compliance Requirements

BSE has outlined several compliance requirements for MRP Agro Limited:

• Strict adherence to Companies Act 2013, Securities Contracts (Regulation) Act 1956, and SEBI regulations
• Compliance with SEBI (ICDR) Regulations 2018 and LODR Regulations 2015
• Obtaining undertakings from allottees confirming no intra-day trading until allotment
• Submission of listing application within 20 days from allotment date

Previous Board Approvals

The company's board of directors had earlier approved this preferential allotment to four investors from the promoter and promoter group: Manish Kumar Jain, Raksha Jain, Jain HUF, and Roshni Jain. Post-conversion of all warrants, the promoter group's shareholding is expected to increase from 65.67% to 66.84%.

Next Steps

With the in-principle approval secured, MRP Agro Limited will proceed with obtaining shareholder approval and completing other regulatory formalities. The company must ensure compliance with all post-issue requirements and submit the listing application promptly after allotment to maintain the approval status.