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.

Magnanimous Trade & Finance Limited has dispatched the postal ballot notice to shareholders via email on June 1, 2026, seeking approval to shift its registered office from Jaipur, Rajasthan to Mumbai, Maharashtra. The company is also seeking consent to appoint Ms. Shweta as a Non-Executive Independent Director for a term of five years. The resolutions require shareholder approval via special resolution through remote e-voting.

The Board of Directors approved the postal ballot notice at its meeting held on May 26, 2026. An advertisement regarding the postal ballot notice and e-voting information was published in Business Standard on June 2, 2026. The company has engaged Central Depository Services Limited (CDSL) to facilitate the e-voting process.

Voting Schedule and Process

The remote e-voting period commences on Wednesday, June 03, 2026, at 9:00 A.M. and concludes on Thursday, July 02, 2026, at 5:00 P.M. Members can cast their votes electronically during this window. The notice has been sent only in electronic form to members with registered email addresses. The scrutinizer for the process is M/s Pooja M Patni.

Special Business Resolutions

The first resolution proposes the shifting of the registered office from the State of Rajasthan to the State of Maharashtra. The company stated that the move is intended for operational and administrative convenience, noting that some directors reside in Mumbai which would facilitate better coordination. The alteration of the Memorandum of Association regarding the registered office also requires approval from the Central Government, with powers delegated to the Regional Director.

The second resolution seeks approval for the appointment of Ms. Shweta (DIN: 10283634) as a Non-Executive Independent Director. She was initially appointed by the Board on March 27, 2026, subject to shareholder approval. Her tenure is proposed for five consecutive years from March 27, 2026, to March 26, 2031. Ms. Shweta holds a Bachelor of Arts and Master of Arts from State University, Allahabad, and is currently pursuing LL.B.

The company has stated that none of the directors or key managerial personnel are interested in the proposed resolutions, other than Ms. Shweta in her own appointment. The results of the postal ballot will be declared on the company's website and communicated to the stock exchanges upon conclusion of the voting process.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE664N01018/f79e6ac7-4742-4893-ba42-dc67b1b851a5.pdf