Magnanimous Trade & Finance

Magnanimous Trade Finance Limited announced its unaudited financial results for the quarter and half year ended September 30, 2025. The company reported total revenue from operations of Rs. 68.34 lakhs for the quarter, compared to Rs. 30.04 lakhs in the same quarter last year, representing a significant increase. Interest income rose to Rs. 68.14 lakhs from Rs. 30.04 lakhs year-over-year. The company posted a profit of Rs. 33.38 lakhs for the quarter versus Rs. 0.06 lakhs in the previous year quarter. For the half-year period, total revenue reached Rs. 100.42 lakhs compared to Rs. 44.05 lakhs in the prior year. Basic earnings per share for the quarter stood at Rs. 2.81 compared to Rs. 0.01 in the same quarter last year. The company is primarily engaged in finance and investment activities. The Board of Directors approved these results at their meeting held on November 12, 2025.

Magan Tractors & Farm Equipment Limited's Board of Directors convened on September 6, 2025, making significant organizational changes. The company approved its Board Report for the financial year ended March 31, 2025, and scheduled its 40th Annual General Meeting for September 30, 2025. Key appointments include Ms. Krina Gokulkumar Shah as Secretarial Auditor for five years (2025-2030), Mr. Jayesh Laxmanbhai Bhavsar as Company Secretary & Compliance Officer, and M/s. K P C M & CO as statutory auditor for five years. The board appointed two new additional Independent Non-Executive Directors: Mr. Nevil Jayeshbhai Kamdar and Mr. Priyanshu Alpesh Kumar Sheth, both for five-year terms. Mr. Kurjibhai Premjibhai Rupareliya's designation was changed from Additional Executive Director to Managing Director. The company accepted resignations from five directors including Shashank Parasrampuria, Savita Poddar, Srikath Samala, Zeeshan Ali, and Sudhir Kumar Parasrampuria, all citing preoccupation elsewhere. The board also reconstituted its Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee, while approving the relocation of both registered and corporate offices within Jaipur.

Magnanimous Trade & Finance Ltd announced the resignation of their statutory auditors, M/s. Gupta & Shah, Chartered Accountants, effective September 5, 2025. The company stated there were no concerns raised by the auditors regarding management or any material reasons for the resignation. The board will appoint new statutory auditors to fill the vacancy in due course.