EGM Ouctome held today i.e., December 15, 2025
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Magnanimous Trade & Finance Limited held an Extra Ordinary General Meeting on Monday, December 15, 2025, from 11:00 a.m. to 11:30 a.m. at its registered office in Jaipur, chaired by Managing Director Mr. Kurjibhai Rupareliya. Two ordinary resolutions were put to vote. The first resolution seeks to increase the company's authorised share capital from Rs. 2.37 crore (23.7 lakh equity shares of Rs. 10 each) to Rs. 23 crore (2.3 crore equity shares of Rs. 10 each), roughly a tenfold jump. The second resolution is for issuing bonus equity shares in a generous 23:1 ratio, meaning 23 bonus shares for every 1 share held. E-voting was conducted from December 12 to December 14, and voting results (combined with ballot voting at the EGM) will be published on the BSE website within two working days.
If both resolutions are passed, shareholders will receive 23 bonus shares for every share they hold, which will substantially expand the share count and typically leads to a proportional adjustment in the share price. The sharp increase in authorised capital signals the company is preparing for potential fundraising or large capital actions beyond the bonus issue. Retail investors should wait for the official voting results on BSE to confirm approval.