Magnum Ventures Limited (MVL) has successfully completed a private placement of equity shares, raising Rs 6 crore from NEO Special Credit Opportunities Fund. The company's Allotment Committee approved this strategic move on November 11, 2025, marking a significant development in MVL's capital structure.

Key Details of the Allotment

Background and Implications

The allotment of these equity shares follows the approval granted by MVL's Board of Directors in September 2025. This private placement is structured under Chapter V of the SEBI ICDR Regulations, adhering to all applicable laws.

Regulatory Compliance

Magnum Ventures Limited has duly informed the stock exchanges about this development, in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company Overview

Magnum Ventures Limited, with its registered office in New Delhi and corporate office in Sahibabad, Ghaziabad, operates under the CIN: L21093DL1980PLC010492. The company continues to maintain transparency with its shareholders and the market through timely disclosures of such significant corporate actions.

This equity infusion may potentially strengthen MVL's financial position, providing additional capital for its operations or strategic initiatives.

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.