Response to BSE Discrepancy Notice
Date: September 10, 2026
Recipient: BSE Limited Listing Compliance Monitoring Team
The company clarifies that the delayed submission of the corporate announcement was due to contractual obligations under a non-disclosure agreement with the counterparty. MRC Agrotech was required to obtain formal prior clearances and permissions regarding the text of the communication before public release. The coordination for these clearances, along with completion of technical protocols and internal verifications, extended the time required to finalize the disclosure.
The company has taken note of the communication and has aligned technical, legal, and reporting schedules to ensure future regulatory submissions are completed at the earliest possible instance. A fresh corporate announcement is being submitted through the BSE Listing Centre portal with reference to the earlier announcement.
Partnership Agreement Details
Date of Agreement: August 31, 2026
Counterparty: TSOT Ventures Private Limited (operating as "The Secret of Tea")
Purpose: Strategic partnership to collaborate within the food and beverage/tea segment
Key Operational Terms:
- TSOT Ventures is appointed as a non-exclusive partner to list, supply, distribute, and promote MRC Agrotech's premium Temi Tea products
- The platform will act as an online retail channel managing a dedicated virtual store for the brand
- TSOT reserves the right to scale market presence through strategic offline promotional channels such as exhibitions
Commercial Terms:
- The Company will supply retail tea packets to the partner at a pre-agreed retail margin on MRP
- All transactions require 100% advance bank transfers executed prior to product shipping
- The Company handles product delivery to the partner's designated warehouse
- Damaged or expired goods must be documented and reported within three (3) working days of inventory receipt for resolution via replacement or refund
Agreement Duration:
- Commences on the Effective Date (August 31, 2026)
- Continues until terminated by either party giving 30 days' written notice
- Provides a cure period of fifteen (15) days for material breaches
Additional Disclosure Parameters
Size of Agreement: Not applicable - the agreement outlines a framework for partnership without specifying immediate fixed monetary consideration or financial commitment
Shareholding Relationship: The Company does not hold any shareholding in TSOT Ventures Private Limited, and vice-versa
Related Party Transaction: No, the transaction does not fall within related party transactions
Arm's Length Transaction: Yes
Counterparty Profile: TSOT Ventures Private Limited is a private entity operating under the brand "The Secret Of Tea"
Strategic Rationale and Impact
The Company believes this retail alliance marks an important milestone in expanding the direct-to-consumer digital and offline footprints of the Temi Tea brand. The partnership reinforces revenue channels while preserving clean, advance-payment working capital terms. The execution is aligned with the Company's long-term business strategy and does not involve any immediate asset disposal or capital structural changes.
Financial Impact: Not quantified in the disclosure
Regulatory Reference: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
The Company shall keep the Exchange informed of any material developments arising from the partnership as required under SEBI LODR Regulations.