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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Magnanimous Trade & Finance Limited held an EGM on December 15, 2025, where shareholders approved two resolutions with 100% votes in favor (8 members voting with 8,76,095 shares; zero votes against). Resolution 1 (Ordinary) increased the authorized share capital from Rs. 2.37 crores (23.7 lakh equity shares of Rs. 10 each) to Rs. 23 crores (2.30 crore equity shares of Rs. 10 each). Resolution 2 (Special) approved the issue of bonus equity shares at a ratio of 23:1, meaning shareholders will receive 23 bonus shares for every 1 fully paid-up share held. The report was submitted by Practicing Company Secretary Krina Shah and signed by Managing Director Kurjibhai Rupareliya.
Highly positive for shareholders — the 23:1 bonus issue (one of the highest ratios seen on BSE SME) significantly expands the share base and rewards existing holders with 23 free shares per share held. The 10x jump in authorized capital also positions the company for potential future fundraising or stock splits. The stock may see adjusted pricing post-record date.