Magnum Ventures Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 15/09/2025 ,inter alia, to consider and approve Intimation of Board Meeting
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Magnum Ventures has informed BSE and NSE that its Board of Directors will meet on Monday, 15 September 2025 at 3:00 PM in Sahibabad, Ghaziabad. The main item on the agenda is to consider and approve a proposal for raising funds by issuing equity shares on a preferential basis. The issuance will be subject to applicable regulatory and statutory approvals, including shareholder approval. The company has also closed the trading window for designated persons and their immediate relatives until 48 hours after the outcome of the board meeting. The intimation has been issued under Regulation 29 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
Preferential equity issuance typically leads to dilution of existing shareholders' stakes and may weigh on the stock in the short term until issue price and allottee details are disclosed. The outcome of the 15 September meeting will be a key catalyst for the stock.