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Magnum Ventures' board approved Q1 financial results, reporting a loss of Rs 18.16 Cr on revenue of Rs 115.77 Cr. A significant strategic move includes in-principle approval for demerger of its Paper Business into a separate entity. The company's registered office will also shift from Delhi to Uttar Pradesh, pending approvals. Additionally, the board approved a proposal to raise up to Rs 400 Cr via Non-Convertible Debentures (NCDs). Separately, 1.03 crore promoter warrants lapsed due to non-conversion, resulting in the forfeiture of 25% of the advance amount.