Postal Ballot Results: Office Shift to Mumbai and New Director Approved
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Magnanimous Trade and Finance announced postal ballot results on July 3, 2026. Both special resolutions passed with over 99.99 percent majority. Resolution 1 to shift the registered office from Jaipur (Rajasthan) to Mumbai (Maharashtra) received 1.76 crore votes in favor and just 72 against. Resolution 2 to appoint Ms. Shweta (DIN 10283634) as Non-Executive Independent Director received 1.76 crore votes in favor and 120 against. Promoter group holding 1.63 crore shares voted entirely in favor. E-voting ran from June 3 to July 2, 2026. Scrutinizer Pooja M Patel and Associates confirmed the results.
Registered office will move to Mumbai. A new Independent Director joins the board. Both passed with near-unanimous support, signaling broad shareholder agreement.