Magnum Ventures Limited — Others, 20-06-2025: Shareholders meeting

Magnum Ventures Limited has announced a successful passing of three special resolutions at its Extra-Ordinary General Meeting. The resolutions include enhancement of borrowing limits and powers to the Board, and approval to issue up to 40,000 secured, rated, redeemable non-convertible debentures aggregating up to INR 400 Crore. Voting participation was over 56% with overwhelming support of 99.99% votes in favor. These approvals provide the company greater financial flexibility for future growth and funding, which is positive for shareholders and supports strategic financing initiatives.