Magson Retail and Distribution issued a corrigendum to the explanatory statement for its 01/2026-27 Extra-Ordinary General Meeting (EGM) held on July 15, 2026. The company communicated the amendments to the National Stock Exchange of India on July 20, 2026, to correct inadvertent calculation errors in the disclosure regarding the percentage of post-preferential issue capital for specific non-promoter allottees.

The revisions specifically address Point No: L of Item No: 2 and Point No: U of Item No: 1 & 2 of the explanatory statement. The company clarified that the number of equity shares proposed to be allotted remains unchanged, with only the percentage calculations being adjusted.

Amendments to Shareholding Percentages

The corrigendum details the correction in the percentage of post-preferential issue capital for Atul Hariharbhai Brahmbhatt and Prajapati Dharmendrabhai. The updated figures reflect the accurate shareholding percentages following the preferential allotment.

Clarification on Preferential Issues

The company also provided a clarification in Point No: U regarding its history of preferential issues. It stated that preferential issues were undertaken during the Financial Years 2024-25, 2025-26, and the current Financial Year 2026-27. Specifically, during FY 2024-25, the company issued and allotted 1,06,00,000 Convertible Equity Warrants on April 17, 2025, following shareholder approval at an EGM held on March 06, 2025.

The updated EGM notice and explanatory statement have been made available on the company’s website. Himani Thakkar, Company Secretary & Compliance Officer, signed the communication on July 20, 2026.

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.