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

Magnanimous Trade & Finance Limited reported a profit of ₹18.58 lakh for the financial year ended March 31, 2026. The company's board approved the standalone audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 26, 2026.

Financial Performance

For the quarter ended March 31, 2026, the company recorded a total income of ₹66.21 lakh and a profit of ₹14.64 lakh. In the full financial year, total income stood at ₹131.42 lakh compared to ₹264.40 lakh in the previous year. The basic earnings per share for FY26 were ₹1.95 on a face value of ₹10 each.

Corporate Governance Decisions

The board approved the appointment of M/s. Kishan Patel & Associates as the Internal Auditor for FY26-27. Additionally, the board accepted the resignation of Ms. Krina Gokulkumar Shah as Secretarial Auditor and appointed M/s Pooja M Patel & Associates as the new Secretarial Auditor for FY26-27, subject to shareholder approval via postal ballot.

Key Financial Metrics

Strategic Proposals

Shareholders will vote via postal ballot on shifting the registered office from Rajasthan to Maharashtra and the regularization of Ms. Shweta as a Non-Executive Independent Director for five years. The trading window for designated persons remains closed and will reopen 48 hours after the declaration of financial results.