M.V.K. Agro Food Product Limited — Others, 05-06-2025: Shareholders meeting

M.V.K. Agro Food Product Limited has announced a board meeting to approve increasing its authorized share capital from Rs. 17 Cr to Rs. 60 Cr to support growth initiatives. It plans to acquire 100% stakes in 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) via share swap, issuing equity shares at Rs. 90 each based on independent valuation. The company also aims to raise Rs. 41.45 Cr through equity issuance to non-promoters and issue shares worth Rs. 273.78 Cr to promoters and non-promoters primarily for acquisition consideration. These steps strengthen its position in the agro-products sector.