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Magson Retail & Distribution Limited allotted 5,26,800 equity shares following the conversion of warrants. The company received Rs. 3.68 Crore, representing the 75% balance payment per warrant.
Magson Retail & Distribution Limited announced its board meeting outcome, approving the 8th AGM and the re-appointment of Mrs. Jennifer Rajesh Francis as Executive Director.
Magson Retail and Distribution Limited's board approved the re-appointment of Mr. Rajesh Emmanuel Francis as Managing Director and Mr. Manish Shivnarayan Pancholi as Whole-Time Director. Both appointments are for a three-year term effective April 1, 2026, subject to shareholder approval. Both directors are founding promoters with over 30 years of industry experience.