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, which corresponds to a total of ₹24.71 Cr received as warrant subscription money. The allotment was finalized during the meeting, with the warrants allowing holders to convert them into fully paid-up equity shares within 18 months. This strategic move is aimed at enhancing the company's capital structure, inviting participation from both promoter and non-promoter allottees.