Magnum Ventures Limited , a company listed on the National Stock Exchange of India Limited and BSE Limited, has announced a significant financial move involving its promoter, Parv Jain. The company has disclosed that Parv Jain has extended an existing pledge on a substantial portion of his shareholding to secure additional debentures.

Key Details of the Share Pledge

• Shares Pledged: 83,24,255 shares
• Percentage of Total Share Capital: 12.5%
• Pledgee: Catalyst Trusteeship Limited (Debenture Trustee)
• Purpose: Additional security for Rs 50 crores of 18% listed, secured, redeemable, non-convertible debentures
• Credit Rating of Debentures: BB

Promoter Shareholding Information

• Parv Jain's Total Shareholding: 1,27,61,755 shares (19.22% of total share capital)
• Total Promoter Shareholding: 3,77,67,554 shares (56.8% of total share capital)
• Encumbered Shares: 22% of promoter shareholding

Financial Implications

The funds raised through these debentures will be utilized for:

1. Repayment of outstanding borrowings to AARC
2. Transaction expenses
3. Working capital requirements

Debenture Details

• Type: 18% Listed, Secured, Redeemable, Non-Convertible Debentures (NCDs)
• Amount: Rs 50 Crores
• Security Cover: The value of shares pledged on the date of the agreement is Rs 19.43 Crores

Redemption Schedule

The company has provided a detailed redemption schedule for the debentures:

This extension of the share pledge by Parv Jain is part of a series of financial maneuvers by Magnum Ventures Limited. The company had previously issued NCDs worth Rs 150 Crores and Rs 30 Crores, with the current Rs 50 Crores being an additional issuance.

The move underscores the company's strategy to secure funding for its operations and debt management. With a BB credit rating for the debentures, investors and market watchers will likely keep a close eye on Magnum Ventures' financial performance and its ability to meet the redemption schedule.

As per the disclosure, the encumbrance does not exceed 50% of the promoter shareholding or 20% of the total share capital, which may provide some reassurance to shareholders regarding the extent of the pledge.

Magnum Ventures Limited continues to navigate its financial obligations while balancing the interests of its promoters and shareholders. The success of this funding strategy and its impact on the company's financial health will be crucial factors to monitor in the coming years.

Magnum Ventures Limited , a company listed on both the BSE and NSE, has taken significant steps to bolster its financial position through a new debt issuance and an extension of its existing security arrangements.

NCD Issuance and Share Pledge Extension

Magnum Ventures Limited has announced that promoter group member Parv Jain has extended the pledge of 83,24,255 equity shares through a Second Amended & Restated Unattested Share pledge agreement dated August 5, 2025. This pledge extension is to secure an additional ₹50.00 crore in 18% Listed, Secured, Redeemable, Non-Convertible Debentures (NCDs), complementing the existing ₹180.00 crore NCDs already secured.

Key Details

Security Package

The security package for the NCDs includes:

• Pari passu charges over company assets
• Personal guarantees from three promoters, including Parv Jain
• Cross-collateralization with existing debentures

Previous Agreements

This latest development demonstrates Magnum Ventures' continued efforts to secure funding and optimize its capital structure. The extension of the share pledge and the issuance of additional NCDs indicate the company's strategic approach to meeting its financial needs and supporting its operations.

Investors and stakeholders should note that this move increases the company's debt obligations while providing it with additional working capital. The success of this strategy will depend on Magnum Ventures' ability to effectively utilize the funds and meet its repayment commitments.