Magnanimous Trade & Finance

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.