M.V.K. Agro Food Product Limited — Board Meeting, 07-08-2025: Outcome of Board Meeting
07-08-2025 | 06:54 pm
07-08-2025 | 06:54 pm
MVKAGRO has announced a board meeting where it approved a significant equity share allotment. The company allotted 45.94 lakh shares for ~₹41.35 crore in cash to non-promoters. Further, 3.04 crore shares worth ~₹273.78 crore were issued to promoters and non-promoters via a share swap. Both preferential allotments were at ₹90 per share. This exercise will increase the company's total paid-up equity from 1.55 crore to 5.05 crore shares. Post-allotment, promoters will hold 59.82%, and public shareholders 40.18%, fundamentally changing the capital structure.
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