Mafia Trends Limited has announced the resignation of its Company Secretary and Compliance Officer, Ms. Bhoomika Mandal, effective April 04, 2026. The disclosure was made to BSE Limited in compliance with regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

The company provided comprehensive details of the resignation as mandated by regulatory authorities:

Regulatory Compliance

The resignation disclosure was made under Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Managing Director Rajendra Singh Rajpurohit signed the disclosure documents, ensuring full compliance with regulatory requirements.

The company submitted all required documentation to BSE Limited, including:

• Formal resignation disclosure letter
• Detailed annexure with regulatory information
• Copy of the resignation letter from Ms. Mandal

Resignation Letter Content

In her resignation letter dated April 04, 2026, Ms. Bhoomika Mandal expressed gratitude to the Board and fellow members for their support during her tenure. She cited better opportunities and career growth as reasons for her departure, stating there were no other material reasons for the resignation.

Ms. Mandal, who holds ICSI Membership No. A44727, requested the Board to arrange for necessary formalities and filings with the Registrar of Companies following her departure.

Corporate Governance

The resignation represents a change in the company's key management personnel responsible for regulatory compliance and secretarial functions. Mafia Trends Limited has demonstrated adherence to corporate governance standards by promptly disclosing the resignation and providing all required regulatory information to stakeholders and exchanges.

Mafia trends Limited has officially withdrawn its proposed preferential issue of convertible equity warrants, citing unfavorable market conditions and declining investor interest. The Board of Directors made this strategic decision during their meeting held on January 29, 2026, effectively canceling the fundraising initiative that was originally approved in November 2025.

Withdrawal Details

The company has decided to withdraw and cancel the proposed preferential issue that involved significant financial commitments to non-promoter groups.

Reasons for Withdrawal

The Board cited specific market-related factors that influenced their decision to abandon the preferential allotment. The primary concerns centered around market volatility and its impact on investor sentiment. Following an evaluation of prevailing market conditions, the Board observed a notable decline in the market price of the company's equity shares, which subsequently led to reduced investor interest in the proposed preferential allotment.

The company's assessment revealed that the current market environment was not conducive to successfully executing the warrant issue, prompting the Board to prioritize shareholder interests over immediate fundraising objectives.

Impact Assessment and Future Plans

Management has provided assurance regarding the company's operational continuity despite the withdrawal of this fundraising initiative. The company confirmed that the withdrawal of the proposed preferential allotment will not adversely impact its financial position, operations, or growth plans. This decision has been positioned as being in the best interest of both the company and its shareholders.

Looking ahead, Mafia Trends Limited indicated its intention to explore alternative fund-raising options when market conditions become more favorable. This approach suggests the company remains committed to its growth objectives while maintaining flexibility in its capital-raising strategies.

Board Meeting Details

The decisive Board meeting was conducted on January 29, 2026, with specific timing details provided for regulatory compliance.

The withdrawal notification was submitted to BSE Limited under Regulation 30 of Securities and Exchange Board of India (LODR) Regulations 2015, ensuring full regulatory compliance and transparency with stakeholders.