Magnum Ventures Reports Q1 Loss, Approves Office Relocation and Paper Business Demerger Aug 13, 2025
More news about Magnum Ventures
08Aug 25
Magnum Ventures Schedules Board Meeting to Review Q1 Results and Consider Company Restructuring
Magnum Ventures has scheduled a board meeting for August 13, 2025, to review Q1 financial results and consider a proposed company restructuring. The meeting will address the approval of unaudited financial results for the quarter ended June 30, 2025, and discuss potential restructuring options, including a possible demerger. The company has closed the trading window for designated persons until 48 hours after the meeting outcomes are disclosed.
07Aug 25
Magnum Ventures Promoter Extends Share Pledge for Rs 50 Crore Debenture Security
Magnum Ventures Limited's promoter, Parv Jain, has extended an existing pledge on 83,24,255 shares (12.5% of total share capital) to secure Rs 50 crores of 18% listed, secured, redeemable, non-convertible debentures. The pledged shares serve as additional security for the BB-rated debentures, with Catalyst Trusteeship Limited as the debenture trustee. The funds will be used for repaying outstanding borrowings, transaction expenses, and working capital requirements. The debentures have a detailed redemption schedule spanning from September 2025 to August 2027.
05Aug 25
Magnum Ventures Secures ₹50 Crore Through NCD Issuance, Extends Share Pledge
Magnum Ventures Limited has extended the pledge of 83,24,255 equity shares to secure an additional ₹50 crore in 18% Listed, Secured, Redeemable, Non-Convertible Debentures (NCDs). This is in addition to the existing ₹180 crore NCDs. The security package includes pari passu charges over company assets, personal guarantees from three promoters, and cross-collateralization with existing debentures. The lender is Neo Special Credit Opportunities Fund, with Catalyst Trusteeship Limited as the debenture trustee.