NCLT allows first motion for paper business demerger
MAGNUM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 2.5 pts less than its Paper & Paper Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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NCLT Allahabad has allowed the first motion application for Magnum Ventures scheme to demerge its paper business into wholly owned subsidiary Magnum Paperz Ltd. The paper and hotel (Country Inn and Suites by Radisson) verticals will become two separate entities. Under the share exchange ratio, shareholders will get 2 new equity shares of INR 10 in Magnum Paperz for every 10 shares held, and 9 new preference shares for every 10 held. Shareholder, debenture holder and creditor meetings are scheduled for 20 November 2026.
Demerger moves to next stage with shareholder meetings on 20 Nov 2026. Final NCLT sanction still pending after second motion.