MRC Agrotech has informed that the Board of Directors of the Company met today 14th March, 2025 considered and approved the following: - 1. To acquire 100% of a Target Company, which is into Active Pharmaceutical Ingredients (API) sector through a 100% share swap mechanism through Preferential Issuance of Equity Shares. 2. To raise additional funds to meet working capital requirements through preferential issuance of Equity Shares. 3. Accepted the resignation of Sadanandan Azadathil Choikandy, who has resigned from his current post Non-Executive - Non-Independent Director due to his advanced age and related health issues. 4. The Notice of the Extraordinary General Meeting (EGM) or seeking shareholders’ approval for the proposed preferential issuance of Equity Shares through the EGM of Shareholders. 5. The date and venue of the proposed EGM would be announced in due course of time. The meeting started lately at 10.30 pm and ended at 11.30 pm.
The above information is a part of company’s filings submitted to BSE.
