Magnanimous Trade & finance Ltd — Board Meeting, 30-05-2025: Board Meeting

Magnanimous Trade & Finance Ltd. has announced a board meeting outcome, approving the audited standalone financial results for the quarter and half-year. The company reported total income of ₹1,079.74 lakhs for the year, with a profit before tax of ₹651.87 lakhs and a net profit of ₹468.85 lakhs. Loans increased significantly to ₹2,281.76 lakhs from ₹1,001.84 lakhs, while cash and cash equivalents declined sharply to ₹157.34 lakhs from ₹1,846.96 lakhs. The company maintains a strong capital adequacy ratio of 105.15%, indicating robust financial health, despite a decline from the previous year. No defaults or regulatory issues were reported.