Magson Retail And Distribution Limited — Important, 07-03-2025: Updates

Magson Retail and Distribution Limited has submitted revised e-voting results and the scrutinizer's report from its Extra-Ordinary General Meeting (EGM). A previous error regarding the digital signature has been rectified, and the revisions do not affect the outcome, as all resolutions were passed with the necessary majority.

During the EGM, four special resolutions were approved, including the increase of the authorized share capital and adopting a new set of Articles of Association. Notably, the company also approved the appointment of Mr. Robert Gomes as a Non-Executive Independent Director and authorized the issuance of up to 1,06,00,000 convertible equity warrants, aggregating to INR 98.84 crores. The turnout included 39 members voting via remote e-voting, achieving a 100% approval for the resolutions. This strong support from shareholders indicates a positive outlook for the company's strategic future and governance.