Magson Retail And Distribution Limited — Important, 31-12-2024: Updates

The promoters and promoter group of Magson Retail and Distribution Limited have established a new Limited Liability Partnership (LLP) named United Friends Ventures LLP. This LLP, incorporated recently, will focus on retail sales of various food products and food service activities. The capital contribution for the LLP is Rs. 5,00,000 (5 lakh). It’s important to note that Magson Retail has no financial stake or involvement in United Friends Ventures LLP, as the incorporation was done solely by the promoters in their individual capacities. This move aims to maintain transparency and comply with relevant disclosure norms. Investors should watch closely for any developments in this area that could influence the strategic direction of Magson Retail.