Magnum Ventures Ltd

Governance changes

• Internal Auditor re-appointed: M/s GMB & Associates for 2026-27; term completed.
• Profile: ICAI registered firm; founder partner CA Vijay Gaurav.
• Cost Auditor re-appointed: M/s V K Dube & Co for 2026-27; term completed.
• Profile: V K Dube & Co, cost accounting firm established 2004.
• MD re-appointed: Abhay Jain for 2 years from 10 Aug 2027.
• WTD re-appointed: Shiv Pravesh Chaturvedi for 2 years from 10 Aug 2027.
• Independent Director re-appointed: Shalini Rahul for second 5-year term from 10 Aug 2027.
• Abhay Jain relation: Nephew of Parveen Jain and Pradeep Kumar Jain.
• Shiv Pravesh Chaturvedi not related to any director.
• Shalini Rahul not related to any director.

Financial highlights

• Revenue from operations: 12,340.63 Lacs in Q1 FY27.
• Total Income: 12,374.16 Lacs in Q1 FY27.
• Total Expenses: 12,773.54 Lacs in Q1 FY27.
• PBT before tax: -399.38 Lacs in Q1 FY27.
• Tax expense (net): 428.50 Lacs.
• PAT: -827.87 Lacs in Q1 FY27.
• Basic EPS: -1.21 Rs for Q1 FY27.
• Segment Revenue – Paper: 10,226.96 Lacs; Hotel: 2,147.20 Lacs.
• Total assets: 126,008.95 Lacs; Net worth: 22,310.09 Lacs.
• NCD raise: Rs 50 Cr on 16-Jun-2026.
• Funds utilised: Rs 29.35 Cr; deviation: No.
• SEBI penalties deposited; company Rs 12 Lakh, directors Rs 54 Lakh.
• Scheme of Arrangement with Magnum Paperz under SAT; adjourned to Oct 5, 2026.
• Deposited Rs 300 Lacs with Bank of Baroda to cover withdrawals.
• Trade receivables >6 months: Rs 196.44 Lacs; litigation Rs 46.04 Lacs.

Funding & deviations

• Raised Rs 50 Crore via 18% NCDs on 16-Jun-2026.
• Funds utilised Rs 29.35 Crore; deviation: No.
• Original object: Working capital Rs 49.20 Crores; utilised Rs 28.81 Crore.
• Transaction expenses Rs 0.80 Crore; utilised Rs 0.5476 Crore.
• Deviation/variation: No.

Operational highlights

• Paper revenue: 10,226.96 Lacs; Hotel revenue: 2,147.20 Lacs in Q1 FY27.
• PAT (Stand-alone): -827.87 Lacs in Q1 FY27.
• Results approved by Board on 14 Aug 2026.

Balance sheet snapshot

• Total assets: 126,008.95 Lacs; Equity: 68,149.88 Lacs.
• Net worth: 22,310.09 Lacs.
• Borrowings: long-term 26,090.51 Lacs; short-term 1,360.31 Lacs.
• Current ratio: 2.45; Debt-Equity: 0.40.

Regulatory & notes

• SEBI penalties deposited; SAT adjourned.
• Observations from BSE/NSE on Scheme of Arrangement; NCLT filing in progress.
• Quarterly results available on company website and stock exchanges.

Financial results approved

• Unaudited standalone and consolidated quarterly results for quarter ended 30 June 2026 approved.
• Results include segment-wise details, P&L, and assets and liabilities with limited review.
• Certificate of Security Cover under Regulation 54 approved.

AGM notice and corporate actions

• Board approved the Notice of Annual General Meeting.

Debt raise and use of proceeds

• Issued 18% secured listed NCDs of Rs 50 crore on 16 June 2026.
• Partial redemption of NCDs amounting to Rs 1.63 crore on 30 June 2026.
• Funds raised Rs 50 crore; utilised Rs 29.36 crore; no deviation.
• Working capital allocation Rs 49.20 crore; transaction expenses Rs 0.80 crore.

Regulatory and structural disclosures

• SEBI order (30 May 2023) imposed penalties: Rs 12 lakh on the company and Rs 54 lakh on directors/KMPs; deposit made.
• SAT order dated 13 July 2023; no interim relief; matter adjourned to Oct 5, 2026.
• Observations from BSE/NSE on proposed Scheme of Arrangement with Magnum Paperz Limited; filing with NCLT in progress.
• Deposits of Rs 300 lakh with Bank of Baroda to cover expenses to withdraw cases.

Auditor remarks and key confirmations

• Independent limited review concluded no material misstatement; disclosures include penalties and pending confirmations.
• Certain items require confirmations (debtors, creditors) and inventory/PPE verifications are uncertain.

Meeting Details

• Date and time: Friday, 14 August 2026 at 12:00 Noon.
• Venue: Country Inn & Suites by Radisson, 64/6 Site-IV, Sahibabad, Ghaziabad.

Key Agenda Items

• Consider and approve unaudited financial results for the quarter ended 30 June 2026.

Other Notes

• No additional material notes disclosed.

Observation letters update

• BSE and NSE issued observation letters on MVL–MPL Scheme of Arrangement.

Regulatory requirements and impact

• Six-month validity; scheme to be filed with NCLT within window.
• Disclosures required: ongoing adjudication/enforcement actions against MVL/promoters/directors.
• Financials used for valuation must be current; not older than six months.
• Share capital to be issued in demat form.
• MPL listing contingent on SEBI approval and exchange compliance.
• NOC from lenders required; no impediments indicated.
• No changes to scheme without SEBI written consent.
• No-Objection letters to be disclosed on websites within 24 hours.

Change in Registered Office Address

• Previous registered office: National Capital Territory of Delhi.
• New registered office: Room No. 101, 64/6, Site-IV, Sahibabad Industrial Area, Ghaziabad 201010, Uttar Pradesh.
• Effective date: 9 July 2026.
• Jurisdiction change: Delhi to Uttar Pradesh; shift to a different state.
• Reason for change: approval for shifting of registered office.
• Approvals: Regional Director, Northern Region Directorate-I approved.
• Impact on operations or investor correspondence not disclosed.

Processing and records updates

• Securities received for dematerialisation were confirmed to depositories within 15 days.
• Physical certificates were mutilated and cancelled after verification, with depository name substituted as registered owner.
• Register of Members updated; depositories and stock exchanges updated within 15 days.
• No exceptions or non-compliance reported for the period.

Encumbrance creation

• Magnum Ventures Limited: pledge encumbrance created on promoter shares.
• Promoter: Parv Jain; encumbered shares: 83,24,255, or 12.17% of total capital.
• Pledged shares were 12.5% earlier; current event shows 12.17%.
• Beneficiary: Catalyst Trusteeship Limited, debenture trustee.
• Reason: security for listed, secured, redeemable, non-convertible debentures.
• Facility amount disclosed: Rs 50 crore; rating BB.
• Listed company also disclosed Rs 150 crore and Rs 30 crore NCD facilities.
• Funds used for repayment of borrowings, capital expenditure, working capital, and transaction expenses.

Promoter holding

• Parv Jain held 1,27,61,755 shares, or 18.65%, before the event.
• Total promoter shareholding in Magnum Ventures Limited: 3,77,67,554 shares, or 55.21%.
• Encumbered shares equal 22% of promoter shareholding.
• No encumbrance shown for other named promoters in this filing.