Mafia Trends Limited: Promoter Mahendra Singh Further Reduces Stake

Mafia Trends Limited , a company listed on the BSE, has witnessed another change in its shareholding pattern. Mahendra Singh, a promoter of the company, has further reduced his stake through open market transactions.

Key Details of the Transaction

Seller: Mahendra Singh (Promoter)
Number of Shares Sold: 64,000 equity shares
Mode of Sale: Open market transactions

Impact on Shareholding

Aspect	Before Sale	After Sale	Change
Shareholding Percentage	14.62%	13.18%	-1.44%

This transaction represents a reduction in Mahendra Singh's stake in Mafia Trends Limited, decreasing his ownership by 1.44 percentage points.

Company Overview

Total Equity Capital: Rs. 4.43 crore
Total Number of Shares: 44,33,550 shares of Rs. 10 each

Regulatory Compliance

The transaction was disclosed under SEBI regulations for substantial acquisition of shares and takeovers, ensuring transparency in the shareholding changes of the company.

Market Implications

This further reduction in the promoter's shareholding may attract attention from market participants. Investors and analysts might closely monitor the company's performance and any potential changes in management strategy or control structure following this stake reduction.

It's important to note that this transaction occurred through open market sales, suggesting that the shares were absorbed by other investors in the market.

Shareholders and potential investors should keep an eye on any further disclosures or announcements from Mafia Trends Limited regarding changes in shareholding patterns or strategic directions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.93%	-9.14%	-35.05%	-49.11%	-72.61%	-78.91%

Mafia Trends Limited has successfully obtained shareholder approval for its ₹7.29 crore convertible warrant issue at the Extraordinary General Meeting (EGM) held on December 13, 2025. The special resolution was passed with unanimous support, receiving 100% votes in favor from both promoter and public shareholders.

EGM Voting Results

The voting results demonstrate strong shareholder confidence in the company's capital raising initiative:

Voting Category:	Details
EGM Date:	December 13, 2025
Total Shareholders on Record:	337 (as of cut-off date December 5, 2025)
Shareholders Present:	9 (3 promoters, 6 public)
Voting Result:	100% in favor
Resolution Type:	Special Resolution

Approved Warrant Issue Details

The shareholders have approved the issuance of convertible warrants with the following specifications:

Parameter:	Details
Issue Size:	Up to 54,00,000 convertible warrants
Issue Price:	₹13.50 per warrant
Total Fundraise:	₹7.29 crore (if fully subscribed)
Allottee Category:	Non-promoter investors
Conversion Period:	18 months from allotment

Shareholding Impact

If all warrants are converted into equity shares, the company's shareholding structure will undergo significant changes:

Category:	Pre-Issue Shareholding	Post-Issue Shareholding
Promoter Holding:	38.56%	17.39%
Non-Promoter Holding:	61.44%	82.61%

Fund Utilization

Mafia Trends intends to utilize the funds raised through this preferential allotment for funding expansion plans, meeting working capital requirements, and general corporate purposes.

Regulatory Compliance

The company has maintained full compliance with regulatory requirements, including Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The scrutinizer's report was prepared by Brajesh Gupta & Co., Company Secretaries, confirming the validity of the voting process.

The successful approval of this warrant issue positions Mafia Trends Limited to strengthen its financial foundation and pursue growth opportunities in the retail sector.