Magson Retail And Distribution Limited Approves Share Issuance and Key Director Appointments
Magson Retail And Distribution Limited has received shareholder approval for a series of significant corporate actions, including the issuance of new equity shares and the re-appointment of key members to the company's leadership team. These decisions were finalized during the Extra-Ordinary General Meeting held on July 15, 2026.The primary action involves the creation, offer, issue, and allotment of up to 61,200 fully paid up equity shares. The issuance is structured as a private and preferential placement to non-promoters and the public. Each share carries a face value of INR 10, with an issue price set at INR 163.48, which includes a premium of INR 153.48 per share.
The total proceeds from this issuance are expected to aggregate up to INR 1,00,04,976.
In addition to the capital raise, the company approved the following leadership appointments:
| Position | Appointee | DIN |
|---|---|---|
| Managing Director | Mr. Rajesh Emmanuel Francis | 08299619 |
| Whole-Time Director | Mr. Manish Shivnarayan Pancholi | 08299620 |
The meeting also addressed the issuance and allotment of fully paid up 0% unsecured Compulsory Convertible Debentures, along with equity shares arising from the conversion of those debentures.
These structural updates follow previous communications regarding these items issued in April and June 2026 to provide further operational details for shareholders.
MAGSON Stock Price Movement
Magson Retail And Distribution Limited shares today slipped by 0.55% to settle at ₹180.00 during post-market trading. The stock saw a total traded volume of 1,000 shares as it retreated from its previous close.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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