MRC Agrotech Ltd — Board Meeting, 05-06-2025: Board Meeting

MRC Agrotech has announced a board meeting to approve a preferential issue of up to 21.98 lakh equity shares at Rs.19.50 each, raising up to Rs.4.29 Cr from various investors. The company plans to issue up to 86.42 lakh equity shares to acquire 100% of MARSAPI Lifesciences Pvt. Ltd, a pharma herbal trading firm with FY25 provisional turnover of Rs.95.5 lakhs and EBITDA of Rs.6.68 lakhs. This acquisition will diversify MRC Agrotech into the pharma herbal sector, consolidating MARSAPI's earnings. The board also approved an increase in authorized capital from Rs.20.5 Cr to Rs.35.5 Cr and will convene an EGM for shareholder approval.