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.

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