M.V.K. Agro Food Product Limited — QIP/Rights/Pref., 31-05-2025: Preferential issue

M.V.K. Agro Food Product plans to raise around Rs. 41.44 Cr through a preferential issue of 46.05 lakh equity shares at Rs. 90 each to non-promoters. It also intends to acquire two companies—DR Shankarrao Chavan Jaggery and Agro Product and V.P.K. Agro Food Product—by issuing 1.79 crore and 1.25 crore equity shares respectively via share swaps, involving no cash outflow. Funds raised will support strategic expansion in agro-food. IPO proceeds are being used to set up a greenfield ethanol, Bio-CNG, and fertilizer plant in Nanded.