Magson Retail And Distribution Limited — Board Meeting, 05-02-2025: Outcome of Board Meeting

Magson Retail and Distribution Limited has announced a board meeting outcome where the Board approved raising funds of up to ₹98.85 crore via issuing up to 1.06 crore Convertible Equity Warrants on a preferential basis. The warrants, priced at ₹93.25 each, will be convertible into fully paid-up equity shares within 18 months. Additionally, the Board convened an Extra-Ordinary General Meeting for shareholder approval on March 6, 2025, and noted a valuation report related to the minimum floor price for the warrants. CS Kunal Sharma was appointed as the scrutinizer for the e-voting process.