Company Update

MRC Agrotech Ltd has assigned loans and advances worth ₹7.3 Cr (including principal and interest) to Cicago Commodities Pvt Ltd, a non-banking finance company, and simultaneously settled trade creditor liabilities of ₹5.03 Cr.

This non-recourse transaction at carrying book value is part of the company’s routine working capital management to improve liquidity and strengthen the balance sheet.

The move reduced current liabilities and outstanding loans and advances without affecting management control.

The disclosure was made post-completion of documentation and confirmations, reflecting good corporate governance.