Revised proceedings of AGM
MAGNUM · price
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Awaiting price reaction for this filing.
Magnum Ventures held its 45th AGM on September 26, 2025 via video conferencing, lasting about 32 minutes (1:00 PM to 1:32 PM). Chairman Mr. Parveen Jain presided, and CFO Mr. Parv Jain shared the financial highlights for FY 2024-25. Five resolutions were placed before shareholders: (1) adoption of audited financial statements for FY ended March 31, 2025, (2) re-appointment of Mr. Parveen Jain as a director retiring by rotation, (3) ratification of remuneration for cost auditors M/s V K Dube & Co. for FY 2025-26, (4) appointment of M/s Munish K Sharma & Associates LLP as secretarial auditors for a five-year term, and (5) shifting of the registered office from NCT of Delhi to Uttar Pradesh. Remote e-voting was open from September 23 to September 25, 2025, with voting results to be filed later after the scrutiniser's report.
Mostly a procedural disclosure, but shareholders should watch for the voting results, particularly on the resolution to shift the registered office to Uttar Pradesh and the re-appointment of the Chairman. No immediate material impact on share price is expected from the proceedings themselves.