Magnanimous Trade & Finance Limited accepted the resignations of Mr. Nevil Kamdar and Mr. Dhaval Parekh from its board, effective July 21, 2026. The resignations were intimated to BSE Limited in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Nevil Kamdar (DIN: 11271919) resigned from the post of Independent Director, while Mr. Dhaval Parekh (DIN: 09636606) stepped down from the position of Executive Director. Both directors cited pre-occupancy and other commitments as the reasons for their departure. They confirmed that there were no other material reasons for their resignations beyond those stated in their letters.

Resignation Details

The company disclosed the specific details regarding the cessation of their roles in the annexures to the regulatory filing. The following table summarizes the key information:

Regulatory Disclosures

The filing was made in accordance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023. The resignations were confirmed by the Managing Director, Kurjibhai Premjibhai Rupareliya (DIN: 05109049). The company stated that the necessary forms would be filed with the Registrar of Companies to give effect to the resignations.

Magnanimous Trade & Finance Limited has secured shareholder approval to shift its registered office from Jaipur, Rajasthan to Mumbai, Maharashtra, marking a significant change in its operational jurisdiction. The resolution, passed via a postal ballot conducted through remote e-voting, received overwhelming support with 99.9996% of votes cast in favour. The move was part of a special resolution process that concluded on July 02, 2026, following a notice issued on May 26, 2026.

In the same voting process, the company approved the appointment of Ms. Shweta as a Non-Executive Independent Director. This appointment was also passed as a special resolution, garnering 99.9993% of the votes in favour. The e-voting period was open from June 03, 2026, to July 02, 2026, and was scrutinized by M/s Pooja M Patel & Associates, Practicing Company Secretaries.

The detailed voting outcomes reveal high participation from the promoter and promoter group, which held 16,312,824 shares. For the resolution regarding the shifting of the registered office, the promoter group cast 16,304,400 votes in favour, representing 99.9484% of their total holdings. Public non-institutional shareholders also participated, with 1,316,424 votes in favour out of 6,522,408 shares held. There were no invalid votes recorded for either resolution.

Voting Results Summary

The scrutinizer's report confirmed that the resolutions were duly passed with the requisite majority. The company utilized the remote e-voting services provided by Central Depository Services Limited (CDSL) to facilitate the process. The results were declared based on the report submitted by the scrutinizer on July 03, 2026.