Magson Retail And Distribution Limited
Magson Retail and Distribution is in the retail business of selling frozen food, gourmet food products and imported food products. The Company operates the retail stores through its own stores, jointly own stores and franchise model under its brand name
What Magson files
- Insider Trade64
- Others63
- Important62
- Board Meeting32
- Updates27
- QIP/Rights/Pref.14
Promoter Manish Shivnarayan Pancholi received pre-clearance to sell their entire holding of 4,61,100 shares. At the current market price of ₹180, this amounts to roughly ₹8.30 Cr, signifying a complete exit by the promoter.
Magson Retail's Promoter, Manish Shivnarayan Pancholi, plans to sell up to 5,00,000 equity shares. This transaction, valued at approximately ₹9 Cr (at current market price), will reduce his holding from 6,72,100 to 1,72,100 shares, a significant promoter stake reduction.
Magson Retail updated its share capital. The company successfully converted 0.044 Cr warrants into new equity shares, which are now approved for listing. This increases the total listed capital to 1.34 Cr shares.
Magson Retail opened a new 'My Chocolate World' store in Rajkot, Gujarat, strategically expanding its retail footprint. This increases Magson's total store count to 45 across over 10 cities in 3 states, signaling continued growth.
Magson Retail applied to reclassify Mr. Maheshbhai Naranbhai Patel from Promoter to Public category. This board-approved step shifts a significant shareholder to public status, potentially enhancing liquidity and overall public float.