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MAGNUM VENTURES LIMITED — Proxy Solicitation & Information Statement 2025
Oct 7, 2025
61205_rns_2025-10-07_d54163af-aca1-43db-ba95-fb2aef23912c.pdf
Proxy Solicitation & Information Statement
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Magnum Ventures Limited
CIN: L21093DL1980PLC010492
Registered Office: Room No. 118, First Floor, MGM Commercial Complex, 4634/1, Plot No. 19, Ansari Road, Darya Ganj, New Delhi-110002 Phone: +91-11-42420015 E-mail: [email protected] Website: www.magnumventures.in
Date: 7[th] October, 2025
Department of Corporate Services Department of Corporate Communications BSE Limited National Stock Exchange India Limited Phiroj JeeJeeboy Tower, Exchange Plaza, Bandra-Kurla Complex Dalal Street, Fort Bandra(E) Mumbai-400001 Mumbai-400 051
Ref: Scrip Code BSE: 532896 NSE: MAGNUM
Dear Sirs,
Sub: Corrigendum to the Notice of 02/2025-26 Extra-Ordinary General Meeting
Dear Sirs,
In continuation to our intimation dated September 20, 2025, we are submitting herewith the corrigendum to the notice of 02/2025-26 Extra-Ordinary General Meeting (“EGM”) scheduled to be held on Tuesday, October 14, 2025 at 12:30 P.M. at Galib Institute, Aiwan - E Galib Marg, Near Ito, New Delhi – 110002. Copy of the said corrigendum to the EGM Notice is also uploaded on the website of the Company i.e. www.magnumventures.in.
You are requested to take the same on your record.
Thanking You,
For MAGNUM VENTURES LIMITED
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Aaina Gupta Digitally signed by Aaina Gupta DN: c=IN, o=Personal, title=0420, pseudonym=MxmCH3oKvL0Wy1evDV4ov3AWi6YBUy2L, 2.5.4.20=e2d1c0217edbd7339373cd3b9bf14223693253d151054ef611bc6ae6de09e81b, postalCode=202411, st=Uttar Pradesh, serialNumber=d5ef479d58fd2e6ab829c98a9d7a998b9d28dc2a60ee682e109344c1811e0bc5, cn=Aaina Gupta Date: 2025.10.07 15:23:23 +05'30'
Aaina Gupta
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Company Secretary cum Compliance Officer
Enclosed: Corrigendum to the Notice of the Extra-Ordinary General Meeting
Corporate Office: 18/41, Site IV, Industrial Area, Sahibabad, Ghaziabad (U.P) 201010 Ph: 0120-4199200
Magnum Ventures Limited
CIN: L21093DL1980PLC010492
Registered Office: Room No. 118, First Floor, MGM Commercial Complex, 4634/1, Plot No. 19, Ansari Road, Darya Ganj, New Delhi-110002 Phone: +91-11-42420015 E-mail: [email protected] Website: www.magnumventures.in
- Corrigendum to the Notice of 02/2025 26 Extraordinary General Meeting
Magnum Ventures Limited (“Company”) has issued a notice dated 20[th ] September, 2025 (“Notice of EGM”) for convening the Extraordinary General Meeting (EGM) of the members of the Company which is scheduled to be held on Tuesday, 14[th] October, 2025 at 12:30 P.M. IST at Galib Institute, Aiwan - E Galib Marg, Near Ito, New Delhi – 110002. The Notice of the EGM has been dispatched to the shareholders of the Company in due compliance with the provisions of the Companies Act, 2013 read with the relevant rules made thereunder.
This corrigendum is being issued to give notice to amend/ provide additional details as mentioned herein and pursuant to the provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Accordingly, this corrigendum is being issued to the members of the Company. This corrigendum shall form an integral part of and should be read in conjunction with the Notice of EGM dated 15[th] September, 2025.
Below are the modifications:
1). In compliance with the provisions of Chapter V of the SEBI ICDR Regulations, the earlier mentioned Relevant Date of Sunday 14[th] September, 2025 is to be removed and accordingly Paragraph 2 of Resolution No. 01 is to be read as below:
“RESOLVED FURTHER THAT in terms of the provisions of Chapter V of the SEBI ICDR Regulations, the relevant date for determining the floor price for the Preferential Issue of the Equity Shares is Friday, 12[th] September 2025 (“Relevant Date”), being the date 30 days prior to the date of this Extra-Ordinary General Meeting.”
2). Explanatory Statement of Item No 1:
- a. Point C Intent of the Promoter(s), Director(s) or Key Managerial Personnel or Senior Management of the Company to subscribe to the offer of the Explanatory Statement of Item No 01 is to be read as under:
C) Intent of the Promoter(s), Director(s) or Key Managerial Personnel or Senior Management of the Company to subscribe to the offer:
The Equity Shares are proposed to be issued to NEO Special Credit Opportunities Fund, which forms part of the Non-Promoter Group. Accordingly, none of the Promoters, Directors, Key Managerial Personnel, or Senior Management of the Company intend to participate in or subscribe to the said Equity Shares.
- b. Point D “Shareholding pattern of the issuer before and after the preferential issue” of the Explanatory Statement of Item No 01 is to be read as under:
Magnum Ventures Limited
CIN: L21093DL1980PLC010492
Registered Office: Room No. 118, First Floor, MGM Commercial Complex, 4634/1, Plot No. 19, Ansari Road, Darya Ganj, New Delhi-110002 Phone: +91-11-42420015 E-mail: [email protected] Website: www.magnumventures.in
| Sr No | Category | Pre-Preferential Holding | Pre-Preferential Holding | Post- Preferential Holding |
Post- Preferential Holding |
|---|---|---|---|---|---|
| No. of Equity Shares |
% | No. of Equity Shares |
% | ||
| **A. ** | Promoter Group Holding | ||||
| i. Indian | |||||
| - Individuals/Hindu undivided Family |
2,94,43,299 | 44.33 | 2,94,43,299 | 43.04 | |
| - BodyCorporates |
-- | -- | -- | -- | |
| - Others |
-- | -- | -- | -- | |
| **ii. Foreign ** | |||||
| - Individuals (Non-Resident Individuals/ Foreign Individuals) |
83,24,255 | 12.53 | 83,24,255 | 12.17 | |
| - BodyCorporates |
-- | -- | -- | -- | |
| Sub Total(A) | 3,77,67,554 | 56.87 | 3,77,67,554 | 55.21 | |
| B. | Public | ||||
| i. Institutions (Domestic) |
|||||
| - Mutual Fund |
-- | -- | -- | -- | |
| - Venture/Private Equity Funds |
-- | -- | -- | -- | |
| - Alternate Investment Funds |
-- | -- | 20,00,000 | 2.92 | |
| - Banks |
-- | -- | -- | -- | |
| - Insurance Companies |
-- | -- | -- | -- | |
| - Insurance Companies |
-- | -- | -- | -- | |
| - Provident Funds/ Pension Funds |
-- | -- | -- | -- | |
| - Asset Reconstruction Companies |
-- | -- | -- | -- | |
| - Sovereign Wealth Funds |
-- | -- | -- | -- | |
| - NBFCs registered with RBI |
-- | -- | -- | -- | |
| - Other Financial Institutions |
-- | -- | -- | -- | |
| - AnyOther(Specify) |
-- | -- | -- | -- | |
| Sub Total B(i) | -- | -- | 20,00,000 | 2.92 | |
| ii. Institutions(Foreign) |
|||||
| - Foreign Direct Investment |
-- | -- | -- | -- | |
| - Foreign Venture Capital Investors |
-- | -- | -- | -- | |
| - Sovereign Wealth Funds |
-- | -- | -- | -- |
Magnum Ventures Limited
CIN: L21093DL1980PLC010492
Registered Office: Room No. 118, First Floor, MGM Commercial Complex, 4634/1, Plot No. 19, Ansari Road, Darya Ganj, New Delhi-110002 Phone: +91-11-42420015 E-mail: [email protected] Website: www.magnumventures.in
| - Foreign Portfolio Investors CategoryI |
-- | -- | -- | -- | |
|---|---|---|---|---|---|
| - Foreign Portfolio Investors Category - II |
133 | 0.00 | 133 | 0.00 | |
| - Overseas Depositories |
-- | -- | -- | -- | |
| - AnyOther(Specify) |
-- | -- | -- | -- | |
| Sub Total B(ii) | 133 | 0.00 | 133 | 0.00 | |
| iii. Central Government/ State Government(s) |
|||||
| - Central Government / President of India |
-- | -- | -- | -- | |
| - State Government / Governor |
-- | -- | -- | -- | |
| - Shareholding by Companies or Bodies Corporate where Central / State Government is a promoter |
-- | -- | -- | -- | |
| Sub Total B(iii) | -- | -- | -- | -- | |
| iv. Non-Institutions |
|||||
| - Associate companies / Subsidiaries |
-- | -- | -- | -- | |
| - Directors and their relatives (excluding Independent Directors and nominee Directors) |
-- | -- | -- | -- | |
| - KeyManagerial Personnel |
-- | -- | -- | -- | |
| - Relatives of promoters (other than 'immediate relatives' of promoters disclosed under 'Promoter and Promoter Group' category) |
-- | -- | -- | -- | |
| - Trusts where any person belonging to 'Promoter and Promoter Group' category is 'trustee','beneficiary', or 'author of the trust'' |
-- | -- | -- | -- | |
| - Investor Education and Protection Fund(IEPF) |
-- | -- | -- | -- | |
| - Resident Individual holding nominal share capital upto Rs. 2 lakhs. |
1,11,48,483 | 16.79 | 1,11,48,483 | 16.30 | |
| - Resident individual |
1,11,90,022 | 16.85 | 1,11,90,022 | 16.36 |
Magnum Ventures Limited
CIN: L21093DL1980PLC010492
Registered Office: Room No. 118, First Floor, MGM Commercial Complex, 4634/1, Plot No. 19, Ansari Road, Darya Ganj, New Delhi-110002 Phone: +91-11-42420015 E-mail: [email protected] Website: www.magnumventures.in
| holding nominal share capital in excess of Rs. 2 lakhs. |
|||||
|---|---|---|---|---|---|
| - Non-Resident Indians (NRIs) |
1,72,671 | 0.26 | 1,72,671 | 0.25 | |
| - Foreign Nationals |
-- | -- | -- | -- | |
| - Foreign Companies |
-- | -- | -- | -- | |
| - Bodies Corporate |
52,47,896 | 7.90 | 52,47,896 | 7.67 | |
| - AnyOther(Specify) |
8,84,558 | 1.33 | 8,84,558 | 1.29 | |
| Sub Total B(iv) | 2,86,43,630 | 43.13 | 2,86,43,630 | 41.87 | |
| Total Public Shareholding (B)= B(i) +B(ii) + B(iii) + B(iv) |
2,86,43,763 | 43.13 | 3,06,43,763 | 44.79 | |
| Grand Total(A+B) | 6,64,11,317 | 100.00 | 6,84,11,317 | 100.00 |
- c. Point F “Identity of the natural persons who are the ultimate beneficial owners of the shares proposed to be allotted and/or who ultimately control the proposed allottees, the percentage of post preferential issue capital that may be held by them and change in control, if any, in the issuer consequent to the preferential issue” is to be read as under:
| Proposed Allottee | Beneficial Owner | Post % Capital held by the* proposed allottee** |
|---|---|---|
| NEO Special Credit Opportunities Fund |
Mr. Hemant Daga | 02.92% |
There will be no change in control.
- d. Point H “Relevant Date” is to be read as under:
The ‘Relevant Date’ as per ICDR Regulations for the determination of the minimum price for Equity Shares to be issued is fixed as Friday, 12[th] September 2025.
- e. The First Paragraph of Point I “Basis or Justification of Equity Share Issue Price” is to be read as under:
The price of Rs. 30/- (Rupees Thirty only) of the Equity Shares to be issued and allotted to the proposed allottees has been determined taking into account the valuation report dated 15[th] September, 2025, issued by Mr. Bhavesh M Rathod, Independent Registered Valuer (Registration no. IBBI/RV/06/2019/10708), having office at 12D, White Spring, A wing, Rivali Park Complex, Western Express Highway, Borivali East, Mumbai 400066. The relevant date considered for the valuation by the valuer is Friday, 12[th] September 2025 because where the relevant date falls on a weekend or a holiday, the day preceding the weekend, or the holiday will be reckoned to be the relevant date. The Valuation Report shall be available for inspection by the members and the same may be accessed on the Company’s website at the link: https://www.magnumventures.in/assets/pdf/preferential-issue/Valuation-
Magnum Ventures Limited
CIN: L21093DL1980PLC010492
Registered Office: Room No. 118, First Floor, MGM Commercial Complex, 4634/1, Plot No. 19, Ansari Road, Darya Ganj, New Delhi-110002 Phone: +91-11-42420015 E-mail: [email protected] Website: www.magnumventures.in
Report-dated-15-September-2025.pdf . The Company has taken the Valuation Report voluntarily.
f. Point S “Practicing Company Secretary’s Certificate” is to be read as under:
A certificate from M/s. HD & Associates, Practicing Company Secretaries, certifying that the preferential issue of shares is being made in accordance with requirements of ICDR Regulations, shall be available for inspection by the members and the same may also be accessed on the Company’s website at the link: https://www.magnumventures.in/assets/pdf/preferential-issue/PCS-Certificate-dated-20- September 2025.pdf
This Corrigendum to the EGM Notice shall form an integral part of the EGM Notice, which has already been circulated to the members of the Company on 20[th] September, 2025 and on and from the date hereof, the EGM Notice shall always be read in conjunction with this Corrigendum. All other contents of the EGM Notice, save and except as modified or supplemented by this Corrigendum, shall remain unchanged.
Accordingly, all concerned shareholders are requested to take note of the above changes. All other contents of the EGM Notice, save and except as modified or supplemented by this Corrigendum, shall remain unchanged.
Corrigendum to the EGM Notice shall also be available on the website of the Company at - https://www.magnumventures.in/investors relations/notices.html and stock exchange i.e. i.e. BSE Limited at www.bseindia.com , National Stock Exchange of India Limited at www.nseindia.com
By The Order of the Board of Directors For Magnum Ventures Limited
Sd/Abhay Jain Managing Director DIN: 01876385 Add: 113/3-4, Ansari Road, Darya Ganj, Delhi-110002.