Magnum Ventures Limited — Important, 05-08-2025: Updates

Magnum Ventures' Debt Raise Committee approved issuing 5,000 secured, redeemable Non-Convertible Debentures (NCDs), raising up to INR 50 Cr. These NCDs carry an 18% annual coupon, payable monthly, maturing by August 2027. Funds are for capital expenditure and working capital. Security includes company assets, promoter personal guarantees, and pledged equity shares. A significant point: INR 20 Cr premium if the company or promoters face insolvency. An additional INR 0.85 Cr redemption premium is also payable. This high-yield debt indicates a need for capital, with robust investor protection.