Magson Retail Announces Dual Capital Raising Plan Including CCD Issuance and Preferential Equity Sale

Magson Retail Announces Dual Capital Raising Plan Including CCD Issuance and Preferential Equity Sale​

Magson Retail And Distribution Limited, formerly known as Magson Retail & Distribution Private Limited, announced two significant capital raising initiatives following a Board meeting held on June 16, 2026. The board considered and approved the issuance of Compulsory Convertible Debentures (CCDs) and the sale of equity shares to non-promoter allottees.

The company's board met at its registered office in Ahmedabad and made decisions pertaining to both debt and equity capital structures, setting key dates for future corporate action.

Details of CCD Issuance​

Magson Retail approved the raising of up to INR 3,00,00,000/- through the issue of up to 3,00,000 Fully Paid Up 0% Unsecured Compulsory Convertible Debentures (CCDs). These CCDs, with a face value of Rs. 100/- each, are targeted at non-promoter allottees on a preferential basis.

The details regarding the CCD issuance are summarized below:


The entire offering is subject to shareholder approval and various regulatory conditions. The conversion mechanism states that the CCD holders will convert these instruments into Equity Shares having a face value of INR 10/- each within a period not exceeding 18 months from the allotment date, based on a designated Relevant Price determined 30 days prior to conversion exercise.

One investor, Kirit Jaisingh Maganlal (Indian Individual Non-Promoter), is listed as the proposed allottee for up to 3,00,000 CCDs under this tranche.

Preferential Equity Share Sale​

In addition to the debenture issue, Magson Retail approved a separate initiative to raise funds through the issuance of Fully Paid Up Equity Shares on a preferential basis. The company plans to raise up to INR 1,00,04,976/- by issuing up to 61,200 shares.

The equity sale is set at an issue price of INR 163.48/- per share, which includes a premium of INR 153.48/-, against the face value of INR 10/- per Equity Share.

The breakdown of the targeted equity issuance to non-promoter and public allottees is as follows:

Corporate Governance and Future Meetings​

The Board meeting also addressed several governance matters, including the convening of an ExtraOrdinary General Meeting (EGM) scheduled for Wednesday, July 15, 2026, at 03:00 PM IST via Video Conferencing.

Fixed dates related to the issuance include June 15, 2026, designated as the Relevant Date (the date 30 days prior to the EGM) for the Equity Share issue. The cut-off date for eligible members for dispatch of the EGM notice was set on Friday, June 12, 2026.

Furthermore, the appointment of CS Kunal Sharma of M/s. Kunal Sharma & Associates was noted as the Scrutinizer for the e-voting process related to these matters.

MAGSON Stock Price Movement​

Shares of Magson Retail and Distribution Limited traded without fluctuation today, settling at ₹160.1 after the post-market session concluded. The stock maintained its previous close through the trading day, demonstrating complete stability in performance.