Magnum Ventures Limited , a company listed on both BSE and NSE, conducted its 02/2025-26 Extra-Ordinary General Meeting (EGM) on October 14, 2025, to seek shareholder approval for a significant corporate action. The meeting, held at Galib Institute in New Delhi, focused on a single agenda item: the offer, issuance, and allotment of 20,00,000 equity shares on a preferential basis.

Key Details of the EGM

Meeting Proceedings

The EGM commenced with Ms. Aaina Gupta, Company Secretary cum Compliance Officer, welcoming the attendees and introducing the company's directors and key management personnel. Mr. Shiv Pravesh Chaturvedi was appointed as the Chairman of the meeting.

The primary focus of the EGM was to discuss and seek approval for the issuance of 20 lakh equity shares on a preferential basis. This move could potentially impact the company's capital structure and ownership distribution.

Voting Process

In compliance with regulatory requirements, Magnum Ventures Limited provided two voting options for shareholders:

1. Remote e-voting: Allowed shareholders to cast their votes electronically prior to the meeting.
2. Ballot voting: Conducted at the EGM venue for shareholders who had not participated in e-voting.

To ensure transparency and fairness in the voting process, M/s. HD And Associates was appointed as the scrutinizer.

Next Steps

The company stated that the voting results, combining both remote e-voting and ballot voting at the EGM, will be submitted after receiving the scrutinizer's report. This report will provide a comprehensive view of shareholder sentiment regarding the proposed preferential issue.

Investors and market participants will likely be keen to see the outcome of this vote, as it could have implications for Magnum Ventures' future capital structure and growth strategies. The preferential issue, if approved, may lead to changes in the company's shareholding pattern and potentially impact its market valuation.

As the meeting concluded successfully, stakeholders now await the official announcement of the voting results to gauge the direction Magnum Ventures will take regarding this significant corporate action.

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.