Magnum Ventures Ltd

Dematerialisation processing and record updates

• Dematerialisation requests processed and confirmed to depositories within 15 days of receipt.
• Physical dematerialisation certificates mutilated and cancelled after verification; depository registered owner substituted within 15 days.
• Securities dematerialised updated with stock exchanges where listed within 15 days.
• Register of Members updated accordingly.

Magnum Ventures Limited – Trading Window closed from 1 October 2026 till 48 hours after the financial results for the quarter and half year ended 30 September 2026 become generally available to the public

AGM Details

• AGM held on 26 September 2025 via video conferencing, from 1:00 PM to 1:32 PM.
• Record date: 19 September 2025.
• Postal ballot deadline: 26 September 2025.

Key Resolutions

• Resolution 1 (Ordinary): Adopt Audited Financial Statements for the year ended 31 March 2025.
• Resolution 2 (Ordinary): Re-appoint Parveen Jain as director (retiring by rotation).
• Resolution 3 (Ordinary): Ratify remuneration of Cost Auditor for 2025-26.
• Resolution 4 (Ordinary): Appoint Munish K Sharma & Associates LLP as Secretarial Auditors.
• Resolution 5 (Special): Shifting of registered office from Delhi to Uttar Pradesh.

Voting Results

• Resolution 1 passed; 99.9994% in favour, 0.0006% against.
• Resolution 2 passed; 99.9965% in favour, 0.0035% against.
• Resolution 3 passed; 99.9994% in favour, 0.0006% against.
• Resolution 4 passed; 99.9994% in favour, 0.0006% against.
• Resolution 5 passed; 99.9994% in favour, 0.0006% against.

Dividend

• No dividend proposed or declared.

Director Changes

• Parveen Jain re-appointed as director (retiring by rotation).

Auditor Appointments

• Appointed Secretarial Auditor: Munish K Sharma & Associates LLP.
• Cost Auditor remuneration for 2025-26 ratified.

Material Related Party Transactions

• No material related party transactions disclosed.

Other Material Approvals

• No other material approvals disclosed.

AGM Details

• Date of AGM: 25 September 2026.
• Start time: 2:00 PM; End: 2:35 PM.
• Mode: Video Conferencing.
• Record date: 18 September 2026.

Resolutions & Outcomes

• Resolution 1 (Ord): Adopt Audited Standalone and Consolidated Financial Statements.
• Outcome: Passed; 99.99% in favour, 0.01% against.
• Resolution 2 (Ord): Re-appoint director retiring by rotation.
• Outcome: Passed; 99.92% in favour, 0.08% against.
• Resolution 3 (Ord): Ratify remuneration of Cost Auditors for 2026-27.
• Resolution 4 (Spec): Re-appoint Shalini Rahul as Independent Director.
• Resolution 5 (Spec): Re-appoint Abhay Jain as Managing Director.
• Resolution 6 (Spec): Re-appoint Shiv Pravesh Chaturvedi as Whole-time Director.

Governance & Auditors

• Shalini Rahul re-appointed as Independent Director.
• Abhay Jain re-appointed as Managing Director.
• Shiv Pravesh Chaturvedi re-appointed as Whole-time Director.
• Cost Auditor remuneration ratified for 2026-27.

NCLT order outcome

• NCLT first motion order pronounced 22 September 2026 for Magnum Ventures and Magnum Paperz.
• Copy of the order uploaded on NCLT portal on 25 September 2026.
• Order grants dispensation for certain meetings; separate meetings scheduled for 20 November 2026.

Scheme structure and terms

• Share Exchange Ratio: 2 new equity shares per 10 Demerged equity shares.
• 9 new compulsorily redeemable preference shares per 10 Demerged preference shares.
• Pre-scheme capital of Resulting Company cancelled; fresh shares issued to Demerged shareholders.
• Rationale: continuity of ownership preserved; no change in voting rights or control.

Regulatory/operational actions

• Approvals noted: NCLT sanction required; regulator and exchange confirmations cited.
• Meetings planned for 20 November 2026; via video conferencing with remote e-voting.
• Notice issuance: 30 days prior; common chairperson and scrutinizer appointed; remuneration fixed.

AGM details

• AGM held on 25 September 2026 at 2:00 PM via Video Conferencing.
• Remote e-voting conducted from 22 September to 24 September 2026.
• Meeting concluded at 2:35 PM.

Key resolutions

• Adopt Audited Standalone and Consolidated Financial Statements for FY2026.
• Re-appoint Shiv Pravesh Chaturvedi (retiring by rotation).
• Ratify remuneration of M/s V K dube & co. for cost audit FY 2026-27.
• Re-appoint Shalini Rahul as Independent Director.
• Re-appoint Abhay Jain as Managing Director.
• Re-appoint Shiv Pravesh Chaturvedi as Whole-time Director.

Voting status

• Voting results pending submission after Scrutiniser report.

Auditor & cost matters

• Remuneration of cost auditors ratified for FY2026-27.

Financial snapshot

• Standalone total income for 2025-26: 46,679.59 Lakh; standalone PAT: -1,137.38 Lakh.
• Consolidated total income: 46,679.59 Lakh; consolidated PAT: -1,137.85 Lakh.
• Dividend: not declared for FY2025-26.
• Equity share capital: 6,841.13 Lakh; issued 68,411,317 shares.
• Total borrowings: 23,432.84 Lakh; non-current 22,347.16; current 1,085.68.

Segment performance

• Paper turnover: 29,657.46 Lakh; production 90,115.41 MT; sale 85,974 MT.
• Hotel turnover: 10,959.73 Lakh.
• Total income up 17.5% to 46,679.59 Lakh; PAT remains negative.

Capital structure & liquidity

• Equity capital: 6,841.13 Lakh (68.41 million shares).
• Total borrowings: 23,432.84 Lakh; non-current 22,347.16; current 1,085.68.
• NCD outstanding: 22,347.66 Lakh.
• Term loan from TFCI: 14,330.00 Lakh.
• Cash and cash equivalents: 468.42 Lakh.

Demergers & corporate actions

• Board approved demerger of Paper business into Magnum Paperz Limited.
• BSE/NSE observation letters received on 17 Jul 2026; NCLT filing in progress.
• Magnum Paperz Limited incorporated as wholly owned subsidiary.
• Debt restructuring: NCDs and revised schedules under consideration.

Audits, governance & risk

• SEBI order (May 2023) imposed penalties; Rs 12 lakh on entity; Rs 54 lakh on directors.
• Company deposited penalties; SAT adjourned; case listed in 2026.
• Bank of Baroda dispute: Rs 3 crore deposited; reconciliation ongoing.
• Secretarial audit flagged debtor/creditor confirmations; MSME delays reversed via vendor declarations.
• Related party transactions: arm's length; approvals by Audit Committee; AOC-2 annexed.

CSR, ESG & operations

• CSR not applicable for FY2025-26; CSR policy on website.
• Safety, health & environment measures across Paper and Hotel units.

Risks & outlook

• Indian paper industry faces imports competition; raw material and energy price volatility.
• Hospitality sector faces cost pressures; labour, energy and inflation risks.
• Demerger could unlock value; execution depends on regulatory approvals.

Subsidiaries & investments

• Magnum Paperz Limited: wholly owned subsidiary.
• Investment in Magnum Paperz Limited: Rs 1.00 Lakh.
• IND AS: No geographical segment reporting required.

Book Closure for 46th AGM

• AGM scheduled for 25 September 2026 at 02:00 PM IST via Video Conferencing.
• Register of Members and transfer books closed 19 September to 25 September 2026 (inclusive).