Magnanimous trade & finance Limited has announced the resignation of Independent Director Ms. Arzoo P Rabari, effective January 30, 2026. The company informed BSE Limited about this board change in compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Director Resignation Details

Ms. Arzoo P Rabari (DIN: 10754153) submitted her resignation from the position of Independent Director citing pre-occupancy as the primary reason. In her formal resignation letter, she mentioned personal reasons and other professional commitments as factors leading to her decision.

Other Directorships

The disclosure revealed that Ms. Rabari holds directorships in multiple listed entities beyond Magnanimous Trade & Finance Limited. Her current board positions include:

• Ashapura Intimates Fashion Limited
• TTL Enterprises Limited
• MPF Systems Limited

These directorships indicate her involvement across various sectors and may have contributed to the pre-occupancy cited in her resignation.

Regulatory Compliance

The company has fulfilled all regulatory requirements under SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015. Ms. Rabari provided written confirmation that there are no material reasons for her resignation other than those mentioned in her resignation letter.

Corporate Communication

The resignation was formally communicated to BSE Limited by Managing Director Kurjibhai Rupareliya (DIN: 05109049) through a digitally signed document dated January 30, 2026. The company requested BSE to acknowledge receipt and update their records accordingly.

This board change represents a routine corporate governance matter, with the company maintaining transparency through proper regulatory disclosures and documentation as required under listing regulations.

Magnanimous Trade & Finance Limited has successfully completed the allotment of bonus equity shares following the approval received at its Extra-Ordinary General Meeting (EGM) held on December 15, 2025. The Board of Directors, in their meeting held on January 5, 2026, formally approved the allotment of 2,18,83,764 fully paid-up bonus equity shares at a ratio of 23:1, with the record date set as January 2, 2026.

Board Meeting Outcome and Allotment Details

The Board meeting, chaired by Managing Director Mr. Kurjibhai Rupareliya, commenced at 8:30 AM and concluded at 8:50 AM on January 5, 2026. The directors approved the allotment of bonus shares in accordance with the shareholders' mandate received during the EGM proceedings.

Capital Structure Transformation

The bonus issue has resulted in a significant expansion of the company's paid-up equity share capital. The transformation reflects the company's commitment to enhancing shareholder value through strategic capital restructuring.

EGM Resolutions and Shareholder Approval

The EGM held on December 15, 2025, had addressed two critical resolutions that were initially approved by the Board of Directors on November 20, 2025. Shareholders participated through both e-voting and ballot voting mechanisms, with the voting process managed by Central Depository Services Limited (CDSL).

For the authorized capital increase resolution, 6,95,267 votes representing 79.96% of total valid votes were cast in favor. The e-voting period was conducted from December 12-14, 2025, with CS Krina Gokulkumar Shah serving as the appointed scrutinizer.

Share Crediting and Rights

The newly allotted bonus equity shares will rank pari-passu in all respects with the existing equity shares of the company. These shares carry the same rights as existing shares, including dividends and other corporate benefits declared by the company after the allotment date. The bonus shares will be credited to the respective beneficiary accounts of eligible shareholders in due course.

Regulatory Compliance

The company has fulfilled all regulatory requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The scrutinizer's report was submitted to BSE Limited on December 16, 2025, and the board meeting outcome has been communicated to the exchange as per prescribed timelines.