MRC Agrotech Ltd

Agreement details

• Date of agreement: 17 July 2026, with Banaras Hindu University for HUW 838.
• License is non-exclusive and non-transferable for commercial production and sale.
• Initial license term five years, renewable by mutual consent.
• IP rights for the HUW 838 variety remain with BHU.
• Framework aims to commercialize seeds under applicable laws and mutual terms.
• No disclosed financial terms; update emphasises strategic portfolio impact.

Dematerialisation processing and ownership update

• Dematerialisation requests received during quarter ended June 2026 were processed (accepted or rejected) by the RTA.
• The securities dematerialised were listed on the stock exchanges where the existing securities are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled after verification.
• Depository name substituted as registered owner in the records within prescribed timelines.

Demise and governance impact

• Shri Jainendra Baxi, Non-Executive Independent Director, died on 01 July 2026.
• Cessation of board membership and Independent Director status.
• Vacancy to be filled within the statutory timeframe.

MRC Agrotech Ltd — Trading Window closed from 01.07.2026 till the conclusion of 48 hours after the declaration of un-audited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026

Meeting Details

• Board meeting scheduled for 22 June 2026.

Key Agenda Items

• Consider taking approximately 50 acres of land on long-term lease.
• Consider recognition and capitalization of eligible completed work-in-progress as fixed assets.
• Consider converting loans and advances of approximately ₹3.88 crore into equity investment in the 51% subsidiary.

Other Notes

• Valuation reports from IBBI-registered valuers will be considered for the equity conversion.

Standalone FY26 results

• 📊 Revenue from operations rose to ₹6,581.32 lakh in Q4 FY26.
• 📊 FY26 revenue from operations was ₹8,545.89 lakh, up 163% YoY.
• 📊 Q4 FY26 total revenue was ₹6,585.99 lakh.
• 📊 FY26 total revenue was ₹8,596.81 lakh versus ₹3,301.81 lakh last year.
• 📊 Q4 FY26 PBT was ₹121.43 lakh; PAT was ₹90.10 lakh.
• 📊 FY26 PBT was ₹156.87 lakh; PAT was ₹116.55 lakh.
• 📊 Q4 FY26 EPS was ₹0.03; FY26 EPS was ₹0.37.
• 📊 Purchase of stock in trade was ₹8,258.74 lakh in FY26.
• 📊 Employee expense was ₹49.79 lakh; other expenses were ₹117.36 lakh in FY26.

Consolidated FY26 results

• 📊 Consolidated revenue from operations was ₹6,835.15 lakh in Q4 FY26.
• 📊 Consolidated FY26 revenue from operations was ₹8,988.08 lakh, up 170% YoY.
• 📊 Consolidated Q4 FY26 total revenue was ₹6,839.81 lakh.
• 📊 Consolidated FY26 total revenue was ₹9,039.00 lakh versus ₹3,387.75 lakh last year.
• 📊 Consolidated Q4 FY26 PBT was ₹138.36 lakh; PAT was ₹98.95 lakh.
• 📊 Consolidated FY26 PBT was ₹189.23 lakh; PAT was ₹131.69 lakh.
• 📊 Consolidated FY26 EPS was ₹0.04.
• 📊 Purchase of stock in trade was ₹8,609.08 lakh in FY26.
• 📊 Consolidated depreciation rose to ₹17.39 lakh in FY26.

Balance sheet and cash flow

• 📊 Standalone total assets were ₹9,650.10 lakh at 31 March 2026.
• 📊 Consolidated total assets were ₹11,467.51 lakh at 31 March 2026.
• 📊 Standalone trade receivables rose to ₹4,479.71 lakh.
• 📊 Consolidated trade receivables rose to ₹4,976.42 lakh.
• 📊 Standalone cash and bank balances were ₹19.24 lakh; consolidated cash was ₹44.81 lakh.
• 📊 Standalone trade payables were ₹4,204.34 lakh; consolidated trade payables were ₹4,864.85 lakh.
• 📊 Standalone operating cash flow was ₹31.18 lakh in FY26.
• 📊 Consolidated operating cash flow was negative ₹368.49 lakh in FY26.
• 🧱 Standalone investing cash outflow was ₹515.50 lakh, driven by long-term loans and fixed assets.
• 🧱 Consolidated financing cash inflow was ₹457.84 lakh, including ₹428.59 lakh share capital proceeds.

Subsidiaries and transactions

• 📍 Consolidated results include Agronica Seeds Spark Private Limited and Marsapi Lifesciences Private Limited.
• 📍 Marsapi Lifesciences became a wholly owned subsidiary through a ₹16.85 crore share-swap acquisition.
• 📍 The company issued up to 86,42,097 equity shares at ₹19.50 each for Marsapi.
• 📍 Receivables and loans of ₹7.30 crore were assigned to Cicago Commodities on a non-recourse basis.
• 📍 Cicago Commodities settled specific trade creditor dues and paid the balance to the company.

Audit and accounting notes

• 📍 The auditor issued an unmodified, unqualified opinion on standalone and consolidated results.
• ⚠️ Audit emphasis covered Marsapi acquisition and the Cicago loan-assignment agreement.
• ⚠️ Key audit matter highlighted year-end trading concentration and related counterparties.
• ⚠️ Two counterparties accounted for about 53% of purchases and 23% of sales.
• ⚠️ Exempt sales were ₹81.14 crore and export sales were ₹0.06 crore in FY26.

Business model

• 📦 The company trades agricultural products, including fruits and other perishable commodities.
• 📦 Management states the business is a single primary segment: trading in agriculture products.