Following decisions were taken: 1. The Board Report along with all other necessary Annexure for the financial year ended March 31, 2025. 2. The Draft Notice for convening the Annual General ....
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The board of Magnanimous Trade & Finance Ltd, at its meeting on September 6, 2025, approved a wide-ranging set of decisions. The 40th Annual General Meeting was fixed for September 30, 2025 at 3:00 PM in physical mode, with the register of members closed from September 24–30, 2025. Mr. Kurjibhai Premjibhai Rupareliya, a promoter holding 6,79,350 equity shares, was elevated from Additional Executive Director to Managing Director for a five-year term. Two new Independent Directors — Mr. Nevil Jayeshbhai Kamdar and Mr. Priyanshu Alpesh Kumar Sheth — were appointed for five-year terms. Ms. Krina Gokulkumar Shah was appointed as Secretarial Auditor for five years, and M/s. KPCM & Co, Chartered Accountants, was appointed as Statutory Auditor for five years. Five directors (including the Whole-time Director and three Independent Directors) resigned citing preoccupation elsewhere, and Mahendra Khandelwal & Co also resigned as Secretarial Auditor. Mr. Jayesh Laxmanbhai Bhavsar was appointed as the new Company Secretary & Compliance Officer. Both the registered office and corporate office are being shifted within Jaipur, and the Audit, Nomination & Remuneration, and Stakeholder Relationship Committees were reconstituted.
Shareholders should note the substantial board-level churn: five directors have exited and several new auditors and KMP are appointed, subject to AGM approval. The elevation of a promoter (Mr. Rupareliya) as Managing Director and the shift of both offices to a single Jaipur address indicate a consolidation of management control, which investors may want to track closely. The AGM on September 30, 2025 is the key upcoming event for shareholder voting on these changes.