Magnum Ventures Limited — Board Meeting, 26-05-2025: Outcome of Board Meeting

Magnum Ventures Limited has announced a board meeting on which it approved the audited financial results for the quarter and year ended March 31, 2025. Total income reached Rs. 397.26 Cr, with a slim profit before tax of Rs. 0.57 Cr. The paper segment contributed Rs. 9.43 Cr profit, while the hotel segment stayed robust at Rs. 23.20 Cr. The company’s debt-equity ratio held steady at 0.25 and current ratio at 2.33. Plans were approved to raise up to Rs. 400 Cr through secured non-convertible debentures via private placement. Finance costs rose notably due to higher borrowings. No dividend was declared.