Four members of the promoter group at Magson Retail and Distribution have applied for pre-clearance to sell a combined total of up to 5,00,850 equity shares. The applications, submitted on June 19, 2026, seek approval to trade the shares on the National Stock Exchange at the prevailing market price. The current market price stands at INR 157.75 per equity share, based on the closing price on Thursday, June 18, 2026.

The applicants include Maheshbhai Naranbhai Patel, Manish Shivnarayan Pancholi, Janushi Nirav Choudhry, and Jitendra Choudhry. The proposed sales are part of a planned divestment by the promoter group, with the transactions to be executed through the stock exchange mechanism rather than off-market deals. All applicants have confirmed they do not possess any unpublished price-sensitive information at the time of signing the undertakings.

Proposed Share Sales

The table below details the proposed transactions by each designated person:

Compliance and Undertakings

The applications were submitted pursuant to the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's Code of Conduct for Prevention of Insider Trading. The designated persons have undertaken to execute the trades within seven days of receiving approval. If the transactions are not undertaken, a 'NIL' report will be submitted. Furthermore, the applicants have declared they have not entered into any contra-trade in the last six months and shall refrain from doing so for a minimum period of six months post-transaction.

In the event that any applicant accesses price-sensitive information after signing the undertaking but before executing the trade, they have committed to informing the Compliance Officer immediately and refraining from dealing in the securities until such information becomes public. The approvals are pending review by the Board, Committee, or Compliance Officer of Magson Retail and Distribution Limited.

Magson Retail and Distribution Limited has incorporated a new subsidiary named INDOGOURMET LLP to expand its operations in the food sector. The Ministry of Corporate Affairs issued the Certificate of Incorporation on June 17, 2026. This strategic move allows the company to diversify into trading, manufacturing, and dealing in a wide range of gourmet and processed food products.

The company has contributed ₹5,100 towards the capital contribution of the LLP, securing a 51% stake in the total capital and profit-sharing ratio. The total capital contribution of INDOGOURMET LLP stands at ₹10,000. The investment has been classified as a related party transaction, though it is not considered material based on the audited financial statements for the financial year ended March 31, 2026.

Key Details of INDOGOURMET LLP

The newly formed LLP will undertake business activities related to trading, manufacturing, export, and import of various food items. Its scope includes gourmet foods, ready-to-eat products, snacks, bakery items, confectionery, dairy products, frozen foods, and both vegetarian and non-vegetarian foods. Additionally, the entity will deal in processed and semi-processed fruits and vegetables, as well as materials required for food preparation.

The promoters and promoter group hold an interest in the LLP to the extent of their shareholding in Magson Retail and Distribution Limited. The company confirmed that the investment was conducted at arm's length. No specific governmental or regulatory approvals were required for this acquisition, and the transaction has already been completed.