Magson Retail And Distribution Limited — Others, 06-03-2025: Shareholders meeting

Magson Retail and Distribution Limited held its 01/2024-25 Extra-Ordinary General Meeting via video conferencing, chaired by Managing Director Mr. Rajesh Emmanuel Francis. Key agenda items included increasing authorized share capital, adopting a new set of Articles of Association, and appointing Mr. Robert Gomes as a Non-Executive Independent Director. Additionally, the company plans to issue up to 1,06,00,000 convertible equity warrants at an aggregate value of INR 98.84 crore. This strategic move may enhance liquidity and attract investments, potentially improving investor sentiment and positioning the company for growth in a competitive market.