Magnum Ventures Limited has informed the Exchange regarding Board meeting held on August 13, 2025.
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Magnum Ventures' Board approved unaudited Q1 FY26 results (quarter ended June 30, 2025) with revenue from operations of Rs. 11,577 lakhs, up about 28.5% from Rs. 9,008 lakhs in the same quarter last year. However, the company posted a wider net loss of Rs. 1,816 lakhs compared to Rs. 1,304 lakhs loss in Q1 FY25, with EPS at negative Rs. 2.73. Finance costs remained heavy at Rs. 895 lakhs and depreciation at Rs. 1,395 lakhs, dragging the paper segment into a Rs. 745 lakhs loss while the hotel segment earned Rs. 48 lakhs. The Board also approved an in-principle demerger of its paper business into a separate entity, shifting the registered office from Delhi to Uttar Pradesh, and the AGM notice. The auditor flagged ongoing SEBI penalty litigation (Rs. 12 lakhs on company, Rs. 54 lakhs on directors), a Bank of Baroda dispute over Rs. 300 lakhs, and lapsed warrants with forfeited 25% money.
Despite strong revenue growth, widening losses and heavy interest burden remain key concerns for shareholders. The proposed paper business demerger could reshape the company into a leaner hotel-focused entity, which may be viewed positively if executed cleanly, but introduces execution and approval risks.