MRC Agrotech Ltd — Important, 12-12-2025: Company Update

MRC Agrotech announced a corrigendum, updating the planned use of funds from its preferential issue. The company will raise Rs. 4.28 Crore by issuing 21,97,910 equity shares at Rs. 19.50 each to eight non-promoter public investors. Initially, these funds were to repay borrowings, but this plan is now revised. No proceeds will go towards debt repayment. Instead, the capital will boost incremental working capital (Rs. 3.13 Cr), fund future growth initiatives like R&D and product expansion (Rs. 1.00 Cr), and cover general corporate needs (Rs. 0.15 Cr). This signals a strategic pivot towards growth investment.