MRC Agrotech Ltd Announces Director Resignation and New Appointment
MRC Agrotech Ltd's Board meeting on February 24, 2026, resulted in key leadership changes with the resignation of Non-Executive Director Sanjay Kumar Singh effective February 17, 2026, due to personal reasons, and the appointment of Parmar Vishal Surendra as Additional Director for a five-year term. The new director brings corporate business experience and holds 992 shares in the company, with the appointment subject to shareholder regularization.
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MRC Agrotech Ltd announced significant board changes following a meeting held on February 24, 2026. The company's Board of Directors approved the resignation of one director and the appointment of a new Additional Director, marking important leadership transitions.
Director Resignation Details
The Board accepted the resignation of Mr. Sanjay Kumar Singh (DIN: 06928519) from his position as Non-Executive Director. His resignation became effective from February 17, 2026, citing personal reasons for his departure.
| Parameter: | Details |
|---|---|
| Director Name: | Mr. Sanjay Kumar Singh |
| DIN: | 06928519 |
| Position: | Non-Executive Director |
| Resignation Date: | February 17, 2026 |
| Reason: | Personal reasons |
| Listed Company Directorships: | MRC Agrotech Ltd |
Mr. Singh confirmed in his resignation letter that there were no material reasons beyond those mentioned for his departure. The company noted that he was not related to any promoter, director, or Key Managerial Personnel of the company.
New Director Appointment
Based on recommendations from the Nomination and Remuneration Committee, the Board approved the appointment of Mr. Parmar Vishal Surendra (DIN: 10965417) as Additional Director for a term of five years, effective February 24, 2026. This appointment is subject to regularization by the company's shareholders.
| Parameter: | Details |
|---|---|
| Director Name: | Mr. Parmar Vishal Surendra |
| DIN: | 10965417 |
| Date of Birth: | July 08, 1981 |
| Appointment Date: | February 24, 2026 |
| Term: | 5 years |
| Qualification: | Graduate |
| Experience: | Corporate Business |
| Shares Held: | 992 |
| Other Listed Directorships: | Nil |
The newly appointed director has no relationships with other directors or Key Managerial Personnel of the company. Mr. Surendra has not held directorships in any other listed entities and has not resigned from any listed companies in the past three years.
Board Meeting Proceedings
The Board meeting commenced at 4:30 PM and concluded around 5:00 PM on February 24, 2026. The company filed the necessary disclosures under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full compliance with regulatory requirements.
The company secretary and compliance officer, Rahul Mathur, signed the official communication to BSE Limited, confirming the board's decisions and requesting the exchange to take the information on record. These changes represent part of the company's ongoing governance structure evolution as it continues its business operations in the agricultural technology sector.
Historical Stock Returns for MRC Agrotech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.56% | +5.36% | -2.33% | +44.59% | +295.80% | +723.32% |
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