MRC Agrotech Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The company's Board of Directors convened on February 14, 2026, to review and approve the quarterly financial performance under Regulation 33 of SEBI Listing Regulations 2015.

Board Meeting and Regulatory Compliance

The Board meeting commenced at 3:30 PM and concluded at 4:00 PM on February 14, 2026. During the session, directors considered and approved the unaudited results for both standalone and consolidated financials for the quarter ended December 31, 2025.

Consolidated Financial Structure

The consolidated results incorporate performance from MRC Agrotech's subsidiary operations. The company holds a 51% stake in Agronica Seeds Spark Private Limited, which contributes to the consolidated financial statements.

Subsidiary Performance Highlights

Independent Auditor Review

Choudhary Choudhary & Co., Chartered Accountants, conducted the limited review of both standalone and consolidated financial results. CA Tanuja Mishra (Membership Number: 136933) signed off on the review reports dated February 14, 2026.

The auditors confirmed that the financial statements were prepared in accordance with Accounting Standard 25 "Interim Financial Reporting" and comply with Section 133 of the Companies Act, 2013. The review was conducted following Standard on Review Engagement (SRE) 2410 guidelines.

Key Compliance Points

• Financial statements prepared under AS-25 interim reporting standards
• Compliance with SEBI Listing Obligations and Disclosure Requirements
• Clean review opinion provided for both standalone and consolidated results
• Subsidiary financials reviewed by CA Anil Ganpatlal Jain of M/S Jain Anil & Associates

Corporate Information

MRC Agrotech Limited operates from its registered office located at Office No. 404, 4th Floor, Sagar Tech Plaza-B, Off Andheri Kurla Road, Sakinaka, Andheri East, Mumbai - 400072. The company's Corporate Identification Number (CIN) is L15100MH2015PLC269095, indicating its incorporation in Maharashtra in 2015 under the agriculture sector classification.

MRC Agrotech Limited has announced the execution of an exclusive marketing, promotion and distribution memorandum of understanding with Government Fruit Preservative Factory (GFPF), Commerce & Industries Department, Government of Sikkim. The agreement was signed on 21 January 2026 and disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Strategic Partnership Framework

The MOU establishes a comprehensive commercial framework between MRC Agrotech Limited and the government-owned manufacturing entity. Under this arrangement, MRC Agrotech will undertake branding, marketing, promotion, distribution and sales of retail-packaged products manufactured by GFPF in India and select overseas markets, subject to agreed territorial exclusions.

Commercial Structure and Operations

The agreement includes a moratorium period designed for completion of preparatory, pre-operational and readiness activities. Commercial operations will commence after this initial phase in accordance with the agreed terms. The MOU establishes detailed commercial operations framework including responsibilities of both parties, confidentiality provisions, intellectual property protection, termination mechanisms and dispute resolution procedures.

The arrangement operates on a principal-to-principal basis and does not create any partnership, joint venture, agency or equity relationship between the parties. MRC Agrotech confirmed that the transaction will be conducted at arm's length and does not fall within related party transactions.

Business Impact and Strategic Context

The company stated that this partnership aligns with its strategy to strengthen the agri-business vertical by expanding market access, branding capabilities, distribution network and value-chain integration through strategic collaborations with government-owned manufacturing entities. The exclusive nature of the arrangement provides MRC Agrotech with dedicated marketing and distribution rights for GFPF's retail-packaged products.

Regulatory Compliance and Materiality

MRC Agrotech justified the disclosure under Regulation 30 citing the strategic nature of the arrangement, binding contractual framework, potential revenue and business impact, multi-year duration with exclusivity, and engagement with a government entity. The company emphasized that the MOU contains binding commercial obligations, exclusivity provisions, defined terms, termination rights, and dispute resolution mechanisms despite being styled as a memorandum of understanding.

The Government Fruit Preservative Factory operates as a government-owned manufacturing unit under the Commerce & Industries Department, Government of Sikkim, engaged in processing and sale of fruit-based products. The company indicated that further disclosures will be made as and when required in accordance with applicable laws and regulations.

Source: