Magson Retail And Distribution Limited — Board Meeting, 03-07-2025: Outcome of Board Meeting

Magson Retail and Distribution has announced a board meeting on which it approved the allotment of 19.25 lakh fully paid-up equity shares at ₹93.25 each, following the conversion of warrants by promoters and non-promoters. This tranche raised ₹13.46 Cr. Post-allotment, the paid-up equity capital stands at 97.75 lakh shares. Of the initial 1.06 crore warrants issued, 86.75 lakh remain outstanding for conversion over the next 18 months, providing potential future equity infusion. The new shares will be listed soon. This equity raise strengthens Magson’s capital base with fresh promoter and investor participation.