M.V.K. Agro Food Product Limited — Others, 31-05-2025: Change in Auditors

M.V.K. Agro Food Product Limited has announced a board meeting and approved the financial results for the quarter and half-year. Auditors issued unqualified reports on standalone and consolidated accounts. The company plans to raise authorized share capital from Rs. 17 Cr to Rs. 60 Cr and issue up to 46.05 lakh equity shares on a preferential basis to non-promoters at Rs. 90 each. It proposes two acquisitions via share swap to expand market reach and efficiency: DR Shankarrao Chavan Jaggery and Agro Product Pvt. Ltd. (turnover Rs. 125.74 Cr) and V.P.K. Agro Food Product Pvt. Ltd. (turnover Rs. 46.16 Cr). M/s Kabra & Maliwal are appointed internal auditors for FY 2025-26. No deviation in IPO fund use; a greenfield ethanol and bio-CNG unit is under development in Nanded. Standalone revenue stands at Rs. 133 Cr with PAT of Rs. 7.72 Cr, consolidated revenue at Rs. 150 Cr with PAT of Rs. 9.33 Cr; EPS is Rs. 4.98 (standalone) and Rs. 6.03 (consolidated). Investments in fixed assets continue to support growth.