Magson Retail & Distribution Share Price Today

Magson Retail amends EGM explanatory statement details

Magson Retail issued a corrigendum on July 20, 2026, amending the explanatory statement for its EGM held on July 15, 2026. The company corrected the percentage of post-preferential issue capital for allottees Atul Hariharbhai Brahmbhatt and Prajapati Dharmendrabhai due to calculation errors, while the number of shares allotted remains unchanged. Additionally, the company clarified details regarding its preferential issues across FY 2024-25, FY 2025-26, and FY 2026-27.

Magson promoters secure approval to sell up to 2.1 lakh shares

Magson Retail & Distribution approved pre-clearance for promoters Manish Shivnarayan Pancholi, Jitendra Choudhry, and Janushi Nirav Choudhry to sell up to 2,10,000 equity shares. The sales, valued at INR 175.00 per share, will occur on the National Stock Exchange within seven days. The company confirmed compliance with SEBI insider trading regulations.

Magson Retail promoter seeks reclassification to public category

Maheshbhai Naranbhai Patel requested reclassification from the Promoter Group to the Public category in Magson Retail and Distribution Limited on June 26, 2026. The request follows his lack of involvement in business operations and control over management. The Board will consider the proposal under SEBI LODR Regulations, subject to conditions on voting rights and control.

Magson Retail seeks approval for CCDs, equity issue

Magson Retail and Distribution Limited has called an Extra-Ordinary General Meeting on July 15, 2026, to seek shareholder approval for raising ₹4 crore through the preferential issue of 0% unsecured CCDs and equity shares. The CCDs aggregating ₹3 crore will be issued to Kirit Jaisingh Maganlal, while equity shares worth ₹1 crore will be allotted to Atul Hariharbhai Brahmbhatt and Prajapati Dharmendrabhai. Proceeds are earmarked for working capital and general corporate purposes by March 31, 2028. Additionally, the EGM will consider the re-appointment of Mr. Rajesh Emmanuel Francis as Managing Director and Mr. Manish Shivnarayan Pancholi as Whole-Time Director for a term of three years.

Promoters seek pre-clearance to sell Magson shares worth INR 157.75 each

Four promoter group members of Magson Retail and Distribution have applied for pre-clearance to sell up to 5,00,850 equity shares via the National Stock Exchange. The shares, priced at INR 157.75 each as of June 18, 2026, will be sold within seven days of approval. The applicants confirmed no possession of unpublished price-sensitive information.

Magson Retail incorporates INDOGOURMET LLP with 51% stake

Magson Retail and Distribution Limited has incorporated INDOGOURMET LLP, holding a 51% stake with a contribution of ₹5,100. The new entity will focus on trading and manufacturing various food products. The investment is a related party transaction but not material based on FY26 audited financials.