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Awaiting price reaction for this filing.
Magnanimous Trade & Finance Limited has called an EGM on Monday, 15 December 2025 at 11:00 AM at its registered office in Jaipur. The EGM has two special business items: (1) increasing the authorized share capital from Rs. 2.37 crore (23.7 lakh equity shares of Rs. 10 each) to Rs. 23 crore (2.30 crore equity shares of Rs. 10 each); and (2) issuing bonus shares in a ratio of 23:1, meaning 23 bonus shares for every 1 existing equity share held. The bonus issue will be funded by capitalizing Rs. 21.88 crore from free reserves and securities premium account. The company's current paid-up equity share capital is Rs. 95.14 lakh (9.51 lakh shares), which will increase substantially after the bonus. E-voting will be open from 12 December to 14 December 2025 through CDSL.
If approved, existing shareholders will receive 23 additional shares for every share they currently hold, which significantly expands the share count and typically causes a proportional downward price adjustment but improves liquidity and divisibility. The authorized capital hike also paves the way for potential future fundraising or further share issuances.