Magson Retail And Distribution Limited — Others, 07-03-2025: Shareholders meeting

Magson Retail and Distribution Limited has reported that the resolutions from its recent Extra-Ordinary General Meeting (EGM) were approved by shareholders, including a special resolution to increase the authorized share capital and adopt a new set of Articles of Association. Additionally, Mr. Robert Gomes has been appointed as a Non-Executive Independent Director. The company also plans to issue up to 1,06,00,000 convertible equity warrants, raising approximately ₹98.84 crore. This expansion and governance update could enhance operational capabilities and strengthen investor confidence, presenting a positive outlook for future growth.