NewsCorporate ActionsMRP Agro Limited Approves Issuance of 3.91 Lakh Convertible Warrants, Strengthening Promoter StakeMRP Agro Limited Approves Issuance of 3.91 Lakh Convertible Warrants, Strengthening Promoter Stake
MRP Agro Limited, a BSE SME-listed company, has approved the issuance of 3,91,730 convertible warrants to promoters at Rs. 130 per warrant, aiming to raise Rs. 5.09 crore. The warrants are convertible within 18 months, potentially increasing promoter stake from 65.67% to 66.84%. The board also scheduled the AGM, re-appointed a director, and appointed auditors.
*this image is generated using AI for illustrative purposes only.
MRP Agro Limited , a BSE SME-listed company specializing in pulses processing and food grain exports, has announced a significant corporate action aimed at bolstering its capital structure and increasing promoter stake. The company's board of directors, in a meeting held on July 29, 2025, approved the issuance of convertible warrants on a preferential basis to its promoters and promoter group.
Key Highlights of the Warrant Issue
| Item | Detail |
|---|---|
| Number of Warrants | 3,91,730 fully convertible warrants |
| Conversion Ratio | Each warrant is convertible into one equity share |
| Issue Price | Rs. 130.00 per warrant (Face value: Rs. 10.00, Premium: Rs. 120.00) |
| Total Fund Raise | Rs. 5.09 crore |
| Conversion Period | Within 18 months from the date of allotment |
Terms of the Warrant Issue
The preferential allotment will be made to four investors from the promoter and promoter group:
- Manish Kumar Jain
- Raksha Jain
- Jain HUF
- Roshni Jain
Investors will pay 25% of the warrant price at subscription, with the remaining 75% due upon exercise of the warrants. This structure allows for a phased capital infusion into the company.
Impact on Shareholding
Post-conversion of all warrants, the promoter group's shareholding in MRP Agro Limited is expected to increase from 65.67% to 66.84%. This move demonstrates the promoters' confidence in the company's future prospects and their commitment to increasing their stake.
Additional Board Decisions
In the same board meeting, MRP Agro Limited also made several other key decisions:
- Scheduled the 7th Annual General Meeting for August 25, 2025
- Approved the re-appointment of Mrs. Raksha Jain as Non-Executive Director
- Appointed M/s MSV & Associates as Secretarial Auditor for FY 2025-26
- Appointed M/s Anshul K. Jain & Associates as Internal Auditor for FY 2025-26
Regulatory Compliance
The preferential issue will be subject to shareholder approval and compliance with SEBI regulations, including the ICDR (Issue of Capital and Disclosure Requirements) Regulations, 2018.
This strategic move by MRP Agro Limited is expected to strengthen its financial position and support its growth initiatives in the agro-processing and export sectors.
Historical Stock Returns for MRP Agro
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.40% | -1.50% | -0.51% | -24.41% | -14.35% | +169.49% |
19
