Magson Retail and Distribution Limited has approved a pre-clearance application for Maheshbhai Naranbhai Patel, a member of the promoter group, to sell up to 50,000 equity shares. The approval was granted on June 02, 2026, pursuant to the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's internal Insider Trading Policy. The proposed sale will reduce Patel's total holding from 233,850 equity shares to 183,850 equity shares.

The transaction is subject to specific conditions outlined in the company's Code of Conduct for Prevention of Insider Trading. Patel must execute the trade within seven days of receiving approval. If the transaction is not undertaken within this period, he is required to submit a 'NIL' report and seek fresh pre-clearance approval for any future trading activity.

The sale will be conducted through the National Stock Exchange of India Limited at the prevailing market price. As of the date of the application, June 01, 2026, the closing market price was INR 168.00 per equity share. The shares are held in dematerialized form with the National Securities Depository Limited, identified by DP ID IN300513 and Client ID 90105651.

Patel provided an undertaking confirming that he does not possess any unpublished price-sensitive information at the time of signing the application. He further agreed to refrain from trading if he accesses such information before the transaction is executed. The promoter also declared that he has not entered into any contra-trade in the last six months and will not execute a contra-trade for a minimum period of six months following this transaction.

Proposed Transaction Details

Magson Retail and Distribution Limited reported a consolidated net profit of ₹85.11 lakh for the financial year ended March 31, 2026, marking a 95.6% increase from ₹43.50 lakh in the previous year. Revenue from operations surged 61.1% to ₹10855.00 lakh, primarily driven by sales and operational revenue. The company’s Board approved the audited standalone and consolidated financial results at a meeting held on May 25, 2026.

The statutory auditors, M/s. Ambalal Patel & Co LLP, issued an unmodified opinion on the audited standalone and consolidated financial results for the half-year and the financial year ended March 31, 2026. Total revenue for the year stood at ₹11023.88 lakh, up from ₹6886.93 lakh in FY25. Total expenses increased to ₹10899.34 lakh from ₹6826.61 lakh in the prior year.

Financial Performance

The company’s profit before tax for FY26 was ₹124.54 lakh, compared to ₹60.32 lakh in the previous year. The tax expense for the period was ₹39.43 lakh. Basic earnings per equity share (face value ₹10) improved to ₹0.85 in FY26 from ₹0.37 in FY25. On a standalone basis, net profit after tax for the year was ₹101.08 lakh, up from ₹57.37 lakh in the previous year.

Board Appointments

Based on the recommendation of the Audit Committee, the Board appointed M/s. H D Panchal & Co., Chartered Accountants, as the internal auditor for the financial year 2026-27. The appointment is effective from May 25, 2026. The firm is a proprietary entity with 10 years of experience in assurance and taxation services.

Fund Utilization

The company disclosed that it had raised ₹1324.00 lakh through its Initial Public Offer. Out of the total proceeds, ₹788.50 lakh has been utilized, leaving ₹535.50 lakh unutilized. The unutilized funds include ₹20 lakh invested in associate company Goan Bakery Private Limited, ₹40 lakh provided as an inter-corporate deposit, and the remaining ₹475.50 lakh temporarily invested in inter-corporate deposits. Additionally, the company raised ₹5600.94 lakh through the preferential allotment of convertible warrants, utilizing ₹4935.94 lakh towards business expansion and general corporate purposes.