Magson Retail And Distribution Limited — Board Meeting, 17-04-2025: Outcome of Board Meeting

Magson Retail and Distribution Limited has announced a board meeting to approve the allotment of 1,06,00,000 Convertible Equity Warrants at an issue price of ₹93.25 each. The company received ₹24.71 crore as Warrant subscription money, amounting to 25% of the issue price, from various allottees in the promoters and non-promoter categories. Each warrant can be converted into one fully paid-up equity share within 18 months from the allotment date. This strategic move aims to bolster its capital for future growth initiatives.