M.V.K. Agro Food Product Limited Approves Rights Issue, Board Appointments, and FY 2026 Financial Results

M.V.K. Agro Food Product Limited Approves Rights Issue, Board Appointments, and FY 2026 Financial Results​

M.V.K. Agro Food Product Limited announced several key corporate decisions following a Board meeting held on May 30, 2026. The Board reviewed and approved the audited financial results for the quarter and year ended March 31, 2026.

The company also approved strategic enhancements to its governance structure, including the appointment of a new Independent Director, a Company Secretary, and the internal auditors. Furthermore, the Board sanctioned a rights issue of equity shares aimed at raising funds, alongside approving an increase in the Chief Financial Officer's compensation.

Financial Results for FY 2026 Approved​

The Board of Directors considered and approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, accompanied by the Statutory Auditor’s Report.

The financial performance data for the year ended March 31, 2026, shows the following key results (figures in lakhs):


The consolidated statement of assets and liabilities as of March 31, 2026, reported a Shareholders' funds of 39,988.13 lakhs, up from 7,444.04 lakhs at the previous year's end.

Key Corporate Actions and Governance Changes​

The Board meeting on May 30, 2026, formalized several corporate appointments and operational changes:

• Independent Director: Mr. Pankaj Pandav (DIN: 10531842) was approved for appointment as an Additional Director and Non-Executive Independent Director.
• Company Secretary & Compliance Officer: Mr. Ankitkumar Tank was appointed as the Company Secretary and Compliance Officer, effective May 30, 2026.
• Internal Auditors: M/s. Kabra & Maliwal, Chartered Accountants (FRN 104485W), were approved for appointment as the Internal Auditors for the financial year 2026-27 and onwards.
• CFO Salary Enhancement: The Board approved an increase in the salary of Mr. Sandip Marotrao Kawale, Chief Financial Officer, not exceeding Rs. 2,00,000/- per Month, effective from June 1, 2026.
• Policy Update: A revised Policy on Dealing with Related Party Transactions was approved, following recommendations from the Audit Committee.

Fundraising and Capital Structure​

M.V.K. Agro Food Product Limited also approved a major funding initiative:

* Rights Issue: The Board approved raising funds by way of a rights issue of equity shares. The shares, each having a face value of Rs. 10, are proposed for an aggregate amount not exceeding Rs. 50,00,00,000/- (Rupees Fifty Crore).

Cash Flow Highlights​

The consolidated cash flow statement provides insight into the company’s cash movements.


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Note: All financial figures are presented in lakhs unless otherwise stated.

MVKAGRO Stock Price Movement​

On Friday, shares of M.V.K. Agro Food Product Limited edged higher to close at ₹500.85, finishing the session with a gain of 5.27%. The stock demonstrated significant investor interest, achieving a total traded volume of 25,500 shares during the session.