MRP Agro Promoters Disclose Substantial Acquisition Following Warrant Conversion
MRP Agro Limited completed allotment of 3,91,730 equity shares following warrant conversion by four promoter entities at Rs. 130 per share. The acquisition increased total promoter holding from 65.67% to 66.84%, with the company filing substantial acquisition disclosure under SEBI regulations on March 05, 2026.
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MRP Agro Limited has completed the allotment of 3,91,730 fully paid-up equity shares following warrant conversion by promoter entities, with the company filing regulatory disclosures under SEBI takeover regulations on March 05, 2026. The Board of Directors approved the allotment on March 02, 2026, after warrant holders exercised their conversion option and paid the remaining 75% of the issue price.
Warrant Conversion and Acquisition Details
The warrant conversion process involved four promoter entities who collectively converted all 3,91,730 warrants held by them. The conversion was executed at an issue price of Rs. 130 per share, including a premium of Rs. 120 over the face value of Rs. 10.
| Acquirer: | Shares Acquired | Percentage Holding | Amount Received (75%) |
|---|---|---|---|
| Manish Kumar Jain: | 1,27,000 | 1.14% | Rs. 1,23,82,500 |
| Raksha Jain: | 1,42,000 | 1.28% | Rs. 1,38,45,000 |
| Manish Kumar Jain HUF: | 1,21,000 | 1.09% | Rs. 1,17,97,500 |
| Roshni Jain: | 1,730 | 0.02% | Rs. 1,68,675 |
| Total: | 3,91,730 | 3.53% | Rs. 3,81,93,675 |
Promoter Holding Enhancement
Following the acquisition, the collective promoter holding has increased significantly. The substantial acquisition disclosure filed under Regulation 29(2) of SEBI Takeover Regulations shows the enhanced promoter stake across all entities.
| Promoter Entity: | Before Acquisition | After Acquisition | Change |
|---|---|---|---|
| Manish Kumar Jain: | 27.39% | 27.57% | +0.18% |
| Raksha Jain: | 24.42% | 24.83% | +0.41% |
| Manish Kumar Jain HUF: | 4.31% | 5.22% | +0.91% |
| Roshni Jain: | 0.27% | 0.28% | +0.01% |
| Total Promoter Group: | 65.67% | 66.84% | +1.17% |
Capital Structure Impact
The allotment has resulted in a significant increase in the company's paid-up equity share capital. The newly issued shares rank pari-passu with existing equity shares in all respects.
| Parameter: | Before Allotment | After Allotment |
|---|---|---|
| Number of Equity Shares: | 1,11,08,270 | 1,15,00,000 |
| Paid-up Share Capital: | Rs. 11,10,82,700 | Rs. 11,50,00,000 |
| Total Promoter Shares: | 72,94,670 | 76,86,400 |
Regulatory Compliance and Documentation
Manish Kumar Jain, as the Managing Director and lead promoter, filed the substantial acquisition disclosure on March 05, 2026, acting on behalf of all acquiring promoters. The disclosure was submitted to BSE Limited under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The original warrant issuance was approved by shareholders at the Annual General Meeting held on August 25, 2025, and received in-principle approval from BSE Limited through their letter dated December 17, 2025. The warrants were initially allotted on a preferential basis to promoters at Rs. 130 each, with warrant holders paying 25% of the issue price upfront.
MRP Agro Limited, engaged in trading and food processing of pulses, cattle feed, and export of food grains, coal, and flyash, continues to strengthen its promoter base through this successful warrant conversion exercise. The company will apply for listing and trading approval from the stock exchange for the newly issued equity shares in due course.
Historical Stock Returns for MRP Agro
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -6.81% | -6.56% | -7.58% | -12.83% | -36.04% | +135.54% |
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