Outcome of Board Meeting held today i.e., November 20, 2025
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The Board of Magnanimous Trade & Finance approved a mega bonus issue at a ratio of 23:1, meaning 23 bonus equity shares of Rs. 10 each for every 1 share held, pending shareholder approval. To support this, the Board also approved raising the authorized share capital from Rs. 2.37 Crores to Rs. 23 Crores. The pre-bonus paid-up equity capital stands at Rs. 95.15 lakhs (9.51 lakh shares), which will balloon to Rs. 22.84 Crores (2.28 crore shares) post-bonus. The company will fund this by capitalizing Rs. 19.73 Crores from free reserves and Rs. 2.15 Crores from Capital Redemption Reserve, which matches the total reserves available as of March 31, 2025. An Extra-Ordinary General Meeting has been scheduled for December 15, 2025, to seek shareholder approval, and the record date for eligible shareholders will be communicated later.
Eligible shareholders will receive 23 free shares for each share they own, dramatically expanding the share count but not the underlying value. Expect the stock price to adjust sharply downward (by roughly a factor of 24) once it begins trading ex-bonus. The bonus is subject to shareholder approval at the EGM on December 15, 2025.