Magson Retail & Distribution has approved pre-clearance applications from three promoter group members to sell a combined total of up to 2,10,000 equity shares. The sales, subject to SEBI (Prohibition of Insider Trading) Regulations, 2015, were approved on June 27, 2026, following applications dated June 26, 2026. The transactions will be conducted through the National Stock Exchange at the prevailing market price, which was INR 175.00 per equity share as of June 25, 2026.

Details of Proposed Sales

The applicants include Mr. Manish Shivnarayan Pancholi, a Promoter, and Mr. Jitendra Choudhry and Mrs. Janushi Nirav Choudhry, both members of the Promoter Group. The company's Compliance Officer, Himani Thakkar, processed the requests in accordance with its Code of Conduct for Prevention of Insider Trading. All applicants declared they were not in possession of any unpublished price-sensitive information at the time of signing the undertakings.

Mr. Manish Shivnarayan Pancholi proposed to sell up to 1,00,000 shares from his holding of 7,72,100 equity shares. Following the sale, his balance holding is expected to be 6,72,100 shares. Mr. Jitendra Choudhry and Mrs. Janushi Nirav Choudhry each proposed to sell their entire holdings of 55,000 equity shares. If approved, their respective holdings in the company will drop to nil.

Transaction Parameters

The trades must be executed within seven days of the approval date. The applicants have undertaken to submit a report of the transaction or a 'NIL' report if the trade is not undertaken within two trading days of execution. The sales are restricted to the open trading window, and the applicants confirmed they have not entered into any contra-trades in the six months preceding the application.

The depository for all shares is the National Securities Depository Limited. The applicants further undertook to refrain from dealing in the securities if they access price-sensitive information before the execution of the transaction and to disgorge any profits from inadvertent contra-trades to the Investor Protection and Education Fund administered by SEBI.

Maheshbhai Naranbhai Patel has requested to be reclassified from the Promoter Group to the Public category in Magson Retail and Distribution Limited , citing a lack of involvement in the company's operations and management. The request, submitted on June 26, 2026, will be considered by the Board of Directors under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The reclassification aims to align the shareholder's status with their current role, or lack thereof, within the company.

Patel holds 850 Equity Shares of face value of ₹10 each. In his communication to the Board, he stated that he is not involved in business operations, corporate actions, or day-to-day affairs. He further confirmed that he does not possess special rights to appoint directors, influence management, or participate in key policy decisions.

To qualify for reclassification, Patel confirmed compliance with specific regulatory conditions. He undertook that he and related persons shall not hold more than 10% of the total voting rights or exercise control over the company's affairs directly or indirectly. Additionally, he confirmed the absence of special rights through formal or informal arrangements and that he is not represented on the Board or acting as a Key Managerial Person.

The shareholder also declared that he is not a wilful defaulter as per Reserve Bank of India guidelines nor a fugitive economic offender. He undertook to comply with the conditions of Regulation 31A(3) indefinitely regarding voting rights and control, and for a minimum of three years regarding board representation and key managerial roles. Failure to maintain these conditions will result in reclassification to the promoter group.

Shareholder Details

The company has intimated the National Stock Exchange of India Limited regarding this material event. The Board will seek all necessary approvals before effecting the change in the shareholding pattern.