M.V.K. Agro Food Product Limited Receives In-Principle Approval for Proposed Rights Issue
M.V.K. Agro Food Product Limited has received in-principle approval from the National Stock Exchange of India Limited regarding its proposed Rights Issue of equity shares. The approval was granted following the company's prior announcement and correspondence concerning the capital raising initiative, according to a notice issued on July 23, 2026.The National Stock Exchange of India Limited provided the in-principle approval for the planned rights issue, which is set to raise up to Rs. 4605.96 Lakhs through the issuance of new equity shares to eligible shareholders.
Key parameters pertaining to the proposed Rights Issue include:
| Parameter | Details |
|---|---|
| Type of Issue | Rights Issue of Equity Shares |
| Face Value per Share | Rs. 10 each |
| Proposed Issue Price | [●] per rights equity share |
| Premium per Rights Share | Rs. [●] per rights equity share |
| Aggregate Capital Raising Target | Up to Rs. 4605.96 Lakhs |
| Issue Ratio | [●] rights Equity for every [●] equity shares held |
The grant of in-principle approval by the Exchange is subject to several conditions, including timely filing of the listing application from the date of allotment and compliance with all statutory guidelines and regulatory requirements. The company confirmed that the proposed issue has been approved in principle by the National Stock Exchange of India Limited.
MVKAGRO Stock Price Movement
M.V.K. Agro Food Product Limited shares today slipped by 1.25% to settle at ₹399.40. The equity traded on a volume of 12,600 shares after touching an intraday low of ₹398.00.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.
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