Magnum Ventures Limited held its 46th Annual General Meeting (AGM) on September 25, 2026, at 2:00 pm through Video Conferencing. The meeting focused on the adoption of standalone and consolidated financial statements for the fiscal year ended March 31, 2026.

The proceedings were conducted in compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ms. Aaina Gupta, Company Secretary, welcomed members and introduced the directors and auditor. Mr. Parveen Jain, Chairman, presided over the meeting after confirming the requisite quorum was present.

Key agenda items addressed

The Company Secretary placed several items of business before the shareholders for approval. These included the adoption of audited financial reports and various directorial appointments:

• Adoption of Audited Standalone and Consolidated Financial Statements for FY26.
• Re-appointment of Mr. Shiv Pravesh Chaturvedi as a Director retiring by rotation.
• Ratification of remuneration for M/s V K Dube & Co., cost accountants, for the cost audit for FY27.
• Re-appointment of Ms. Shalini Rahul as an Independent Director.
• Re-appointment of Mr. Abhay Jain as Managing Director.
• Re-appointment of Mr. Shiv Pravesh Chaturvedi as Whole-time Director.

Voting and shareholder engagement

The company provided remote e-voting facilities to members in accordance with regulatory provisions. The voting window opened at 9:00 am on September 22, 2026, and closed at 5:00 pm on September 24, 2026. During the live session, shareholders who had registered as speakers in advance were given the opportunity to raise queries, which the management addressed to their satisfaction.

M/s Munish K Sharma & Associates LLP served as the scrutiniser for the e-voting process. The Chairman delivered a welcome speech, and the meeting concluded with a vote of thanks from the Company Secretary at 2:35 pm. The final voting results for both remote e-voting and e-voting during the AGM are pending the submission of the scrutiniser's report.

Magnum Ventures has scheduled its 46th Annual General Meeting for September 25, 2026. The meeting will be held via video conferencing at 2:00 pm to transact ordinary and special business items.

The Register of Members and Share Transfer Books will remain closed from September 19, 2026, to September 25, 2026 (both days inclusive) for the purpose of the Annual General Meeting. Shareholders holding shares as on the cut-off date of September 18, 2026, are eligible to vote. Remote e-voting will commence on September 22, 2026, at 9:00 am and conclude on September 24, 2026, at 5:00 pm.

Key Resolutions

The notice outlines several special resolutions for shareholder approval:

• Reappointment of Managing Director: Mr. Abhay Jain seeks reappointment as Managing Director for a two-year term commencing August 10, 2027. His monthly remuneration is proposed at ₹1,50,000, subject to a ceiling of 5% of net profits.
• Reappointment of Whole-Time Director: Mr. Shiv Pravesh Chaturvedi is up for reappointment as Whole-Time Director for a similar two-year term starting August 10, 2027. His monthly remuneration remains at ₹1,25,000.
• Independent Director Reappointment: Ms. Shalini Rahul seeks reappointment as an Independent Director for a five-year term from August 10, 2027, to August 9, 2032.
• Cost Auditor Ratification: The Board proposes ratifying the remuneration of M/s V.K. Dube & Co. as Cost Auditors for FY27. The fee is set at ₹1,35,000 plus GST.

Financial Disclosures

The Board did not recommend a dividend on equity shares for the financial year ended March 31, 2026. The Registers of Members and Share Transfer Books will remain closed from September 19, 2026, to September 25, 2026, for the annual closure of books.

What the Numbers Show

The remuneration structure for executive directors links compensation directly to profitability. Both Mr. Jain and Mr. Chaturvedi have their pay capped at 5% of net profits individually, with a combined ceiling of 10% for all executive directors. This structure implies that in years with low or no profits, their remuneration would fall back to fixed amounts prescribed under Schedule V of the Companies Act, aligning management incentives with shareholder returns during profitable periods while ensuring baseline compensation stability.

Voting Instructions

Members can participate in the AGM through video conferencing or cast votes via remote e-voting using the NSDL platform. Institutional shareholders must submit scanned board resolutions authorizing their representatives to vote. The scrutinizer for the voting process is M/s Munish K Sharma & Associates LLP.