MRP Agro Allots 3.91 Lakh Equity Shares Upon Warrant Conversion

MRP Agro Limited, engaged in food processing (dal mill) of pulses, cattle feed, and exporting food grains, coal, and flyash, announced the allotment of 3,91,730 fully paid-up equity shares of Rs. 10 each following the conversion of an equal number of convertible warrants.

The Board meeting on March 2, 2026 (3:30 P.M. to 4:00 P.M.) approved the allotment to warrant holders who paid the balance 75% of the Rs. 130 issue price (Rs. 3,81,93,675 total), originally allotted on December 17, 2025, per BSE in-principle approval and shareholder nod from the August 25, 2025 AGM.

Allottees include Manish Kumar Jain (1,27,000 shares, Rs. 1,23,82,500), Raksha Jain (1,42,000 shares, Rs. 1,38,45,000), Manish Kumar Jain HUF (1,21,000 shares, Rs. 1,17,97,500), and Roshni Jain (1,730 shares, Rs. 1,63,8675). Shares rank pari-passu with existing equity.

Paid-up capital rises from Rs. 11,10,82,700 (1,11,08,270 shares) to Rs. 11,50,00,000 (1,15,00,000 shares).

Shares of MRP Agro Ltd was last trading in BSE at Rs. 92.00 as compared to the previous close of Rs. 91.97. The total number of shares traded during the day was 8000 in over 8 trades.

The stock hit an intraday high of Rs. 92.00 and intraday low of 87.00. The net turnover during the day was Rs. 720000.00.

Source : Equity Bulls

Keywords

MRPAgro INE0D7801012 SharesAllotment WarrantConversion