Quarterly Updates29 May 2026, 07:14 pm
MRP Agro: Deviation Statement for Quarter Ended March 31, 2026
AI Summary
MRP Agro Ltd has filed a statement of deviation/variation in the utilization of funds raised through the conversion of warrants into fully paid-up equity shares for the quarter ended March 31, 2026. The funds were raised through preferential allotment on March 02, 2026, with 3,91,730 equity shares allotted at ₹130 per share, aggregating to ₹5,09,24,900. The audit committee reviewed the statement on May 29, 2026. The company confirms no deviation in the use of funds, which were allocated to meet working capital requirements.
Key Highlights
- MRP Agro reports no deviation in fund utilization from warrant conversion.
- ₹509.25 Lakhs was raised through preferential allotment of equity shares.
- Funds were allocated to meet working capital requirements.
- Audit Committee reviewed the deviation statement on May 29, 2026.
- AY & Company, Chartered Accountants, provided the deviation statement.
Price Impact
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