Magnum Ventures , a company listed on both BSE and NSE, has announced a significant move to raise capital through a preferential allotment. The board of directors, in a meeting held on September 15, 2025, approved the issuance of 20 lakh equity shares to NEO Special Credit Opportunities Fund, aiming to raise Rs 6.00 crore.

Key Details of the Preferential Allotment

Regulatory Compliance and Approvals

The preferential allotment is subject to various regulatory and statutory approvals, including:

1. Shareholder approval at an upcoming Extraordinary General Meeting (EGM)
2. Compliance with SEBI regulations
3. Other necessary permissions and sanctions

Important Dates and Details

Post-Allotment Scenario

Upon completion of the allotment, NEO Special Credit Opportunities Fund will hold a 2.92% stake in Magnum Ventures. The newly issued shares will be subject to lock-in provisions as per SEBI regulations.

Appointment of Scrutinizer

To ensure a fair and transparent voting process, the board has appointed M/s. HD and Associates, Company Secretaries, as the scrutinizer for the upcoming EGM.

Market Impact

This move by Magnum Ventures demonstrates the company's efforts to strengthen its capital base. The infusion of Rs 6.00 crore through this preferential allotment could potentially provide the company with additional resources for its business operations and growth initiatives.

Investors and market watchers will be keen to observe how Magnum Ventures utilizes these funds and the subsequent impact on the company's financial performance and market position.

Shareholders and potential investors are advised to keep an eye on further announcements regarding the EGM and the completion of the preferential allotment process.

Magnum Ventures has announced a potential equity investment opportunity, marking a significant development for the company. The firm recently disclosed that it has received a Letter of Intent (LOI) from NEO Special Credit Opportunities Fund, expressing interest in subscribing to Magnum Ventures' equity shares.

Key Details of the Announcement

• Date of LOI: September 9, 2025
• Interested Investor: NEO Special Credit Opportunities Fund
• Nature of Interest: Subscription to equity shares of Magnum Ventures
• Disclosure Compliance: Reported under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Company's Response

Magnum Ventures promptly informed the stock exchanges about this development, adhering to regulatory requirements. Aaina Gupta, the Company Secretary Cum Compliance Officer, signed the official communication to both the BSE Limited and the National Stock Exchange of India Limited.

Potential Impact

While the specific terms of the potential equity subscription remain undisclosed, this expression of interest from NEO Special Credit Opportunities Fund could signify a vote of confidence in Magnum Ventures' future prospects. Equity investments often provide companies with additional capital for growth, expansion, or operational improvements.

Next Steps

Investors and market watchers will likely keep a close eye on further developments regarding this potential equity subscription. The company may release additional details about the terms of the investment and its intended use of funds if the deal progresses.

Magnum Ventures, with its registered office in New Delhi and corporate office in Sahibabad, Ghaziabad, continues to navigate the dynamic business landscape. This latest announcement adds an interesting dimension to the company's financial narrative.

Stakeholders are advised to stay tuned for any further updates from the company regarding this potential investment.