Magson Retail seeks approval for CCDs, equity issue
Published on: June 25, 2026, 10:40 a.m. | Source: scanx.trade
Magson Retail and Distribution Limited has called an Extra-Ordinary General Meeting on July 15, 2026, to seek shareholder approval for raising ₹4 crore through the preferential issue of 0% unsecured CCDs and equity shares. The CCDs aggregating ₹3 crore will be issued to Kirit Jaisingh Maganlal, while equity shares worth ₹1 crore will be allotted to Atul Hariharbhai Brahmbhatt and Prajapati Dharmendrabhai. Proceeds are earmarked for working capital and general corporate purposes by March 31, 2028. Additionally, the EGM will consider the re-appointment of Mr. Rajesh Emmanuel Francis as Managing Director and Mr. Manish Shivnarayan Pancholi as Whole-Time Director for a term of three years.
