M.V.K. Agro Food Product Limited Announces Plan to Raise Funds Via Rights Issue of Equity Shares
M.V.K. Agro Food Product Limited has announced a decision by its Board of Directors to raise funds through a rights issue of its equity shares. The board meeting, held on May 30, 2026, approved the plan to issue equity shares of the company to eligible shareholders.The company intends to raise an aggregate amount not exceeding Rs. 50,00,00,000/- (Rupees Fifty Crore) by issuing equity shares, each having a face value of Rs. 10 (Rupees Ten). The fund-raising mechanism is structured as a rights issue, targeted at the eligible equity shareholders of M.V.K. Agro Food Product Limited as of the record date, which will be notified later.
The detailed terms and the complete procedure for applying for the rights issue will be communicated to the eligible shareholders through a formal letter of offer in due course.
The key financial and procedural details related to the issuance are summarized below:
| Particulars | Details |
|---|---|
| Company Name | M.V.K. Agro Food Product Limited |
| Type of Securities | Equity Shares |
| Type of Issuance | Rights Issue |
| Face Value per Share | Rs. 10 |
| Aggregate Funds Proposed | Rs. 50,00,00,000/- (Rupees Fifty Crore) |
This move allows M.V.K. Agro Food Product Limited to strengthen its capital base by tapping directly into the equity base of its current shareholders.
MVKAGRO Stock Price Movement
On Friday, M.V.K. Agro Food Product Limited shares edged higher, settling at ₹500.85 after gaining 5.27% on the previous trading day. The stock saw active trading throughout the session, recording a total volume of 25,500 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.