Magson Retail & Dist

Magson Retail & Distribution allotted 33,46,166 fully paid equity shares at Rs93.25 each on conversion of an equal number of warrants and received Rs23.40 crore as the balance 75% consideration. The allotment was approved at a board meeting on 15 October 2026 and took paid-up capital to 1,85,11,200 shares from 1,51,65,034 shares, completing conversion of all 1,06,00,000 warrants allotted in April 2025 with no warrants left outstanding. The allottees included promoter-group entities United Friends Ventures LLP and Angel Rajesh Francis alongside two non-promoter individuals, and the promoter-group holding moved from 19.73% to 31.39%, triggering a mandatory open offer under takeover regulations. Kunvarji Finstock Private Limited was appointed manager to the open offer. The warrant programme had been issued at Rs93.25 with 25% collected upfront and about two-thirds converted in earlier tranches that had lifted the share count from about 79 lakh before the issue. Magson ran a single-segment gourmet, frozen and speciality-food retail and distribution business that reported consolidated total income of about Rs68 crore in FY24 and operated 45 stores across more than 10 cities in three states in early September 2026, up from 26 stores in FY23.

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Magson Retail & Distribution allotted 33,46,166 fully paid equity shares at Rs93.25 apiece on conversion of an equal number of convertible warrants and received about Rs23.40 crore as the 75% balance payment. Paid-up capital increased to 1,85,11,200 shares from 1,51,65,034 shares, with no warrants remaining outstanding from the 1.06 crore warrants allotted in April 2025. United Friends Ventures LLP and Angel Rajesh Francis, together with persons acting in concert and the promoter group, increased their holding to 31.39% from 19.73% and triggered a mandatory open offer, appointing Kunvarji Finstock Private Limited as manager. The tranche comprised 19,69,366 shares to United Friends Ventures LLP, 8,50,000 shares to Angel Rajesh Francis and 2,63,400 shares each to two non-promoter allottees. The company operated a gourmet, frozen and speciality-food retail and distribution business and reported consolidated total income of about Rs68.03 crore in FY24. Its retail network stood at 45 stores across more than 10 cities in three states in September 2026.

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Magson Retail & Distribution approved pre-clearance applications from one promoter and three promoter-group members to sell their entire holdings totalling 6,70,450 equity shares. The sellers were Jennifer Rajesh Francis with 4,95,000 shares, Rajendra Pratap Maganlal with 95,700 shares, Anil Natvarlal Pethani with 42,900 shares and Ranjan Nitinbhai Patel with 36,850 shares, with sales to be executed on the National Stock Exchange at prevailing market prices within seven days at a reference price of Rs 180. Approvals on 22 September covered sales of up to 4,42,200 shares by two promoters, following an approval on 15 September for up to 5,61,100 shares. The company operated 45 stores across more than 10 cities in three states as of 9 September 2026, up from 26 stores in FY23. Consolidated total income was Rs 68.03 crore in FY24 with profit after tax of Rs 2.81 crore. Paid-up capital stood at 1,51,65,034 shares after the allotment of 5,26,800 shares on conversion of warrants on 3 September 2026.

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Magson Retail and Distribution approved pre-clearance requests from promoters Rajesh Emmanuel Francis and Manish Shivnarayan Pancholi to sell up to 2,81,100 shares and 1,61,100 shares respectively on the National Stock Exchange at prevailing market prices within seven days. Both applications covered the applicants' entire holdings, leaving nil shares if fully executed, with a reference price of Rs 177 per share based on the 21 September close. The company operated a gourmet and speciality-food retail chain that reported consolidated total income of about Rs 68 crore in FY24 and operated 45 stores across more than ten cities in three states as of early September 2026. Its paid-up capital stood at 1,51,65,034 shares after the allotment of 5,26,800 shares on conversion of warrants issued at Rs 93.25 in April 2025. A further 33,46,166 warrants from the same issue remained outstanding.

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Magson Retail & Distribution approved a pre-clearance request from promoter Rajesh Emmanuel Francis to sell up to 5,61,100 equity shares through the stock exchange at the prevailing market price. The request covered his entire holding of 5,61,100 shares and provided for execution within seven days of approval, with the shares closing at Rs 184.35 on September 11. The company operated single-segment gourmet, frozen and speciality-food retail and distribution and reported consolidated total income of about Rs 68 crore in FY24. It ran 45 stores in more than 10 cities across three states as of early September 2026, compared with 26 stores in FY23. The company listed on NSE Emerge in July 2023 after a Rs 13.74 crore fresh issue and later issued 1.06 crore convertible warrants at Rs 93.25.

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Feb 19 (Reuters) - Magson Retail and Distribution Ltd MAGS.NS:

• MAGSON RETAIL AND DISTRIBUTION - APPROVES PRE-CLEARANCE APPLICATIONS FROM PROMOTER FOR TRADING SHARES

Source text: ID:nNSE4RZxWw

Further company coverage: MAGS.NS

(([email protected];))

Feb 5 (Reuters) - Magson Retail and Distribution Ltd MAGS.NS:

• MAGSON RETAIL AND DISTRIBUTION LTD - TO RAISE UP TO 988.5 MILLION RUPEES VIA EQUITY WARRANTS

Source text: [ID:]

Further company coverage: MAGS.NS

(([email protected];;))