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Magnum Ventures Board Approves Demerger of Paper Business; 2:10 Share Exchange Ratio
Magnum Ventures is demerging its core Paper Business, which accounts for 75% of its total turnover (₹296.57 crore), into a new entity called Magnum Paperz Limited. Shareholders will receive 2 new equity shares of the resulting company for every 10 shares held in the parent company. Post-demerger, Magnum Ventures will focus exclusively on its 5-star hotel business, which generated ₹100.68 crore in FY25. This restructuring aims to unlock value by separating two distinct business verticals with different risk profiles and operational needs.
Key Highlights
Paper business contributed ₹29,657.46 lakhs (75%) to total revenue in FY24-25.
Shareholders to receive 2 equity shares of Magnum Paperz (FV ₹10) for every 10 shares held in Magnum Ventures.
Magnum Ventures equity capital will be reduced from 6.84 crore shares to 2.05 crore shares as part of the scheme.
Preference shareholders will receive 9 new preference shares in the resulting company for every 10 held.
The demerger separates the manufacturing-heavy paper division from the 'Country Inn & Suites by Radisson' hotel business.
💼 Action for Investors
Investors should maintain their holdings to benefit from the potential value unlocking and specialized management focus in both the paper and hospitality entities. Monitor the NCLT and regulatory approval process for timelines regarding the listing of the new entity.
Magnum Ventures Q3 Net Profit Plummets 96% YoY to ₹0.26 Cr Amid Auditor Concerns
Magnum Ventures reported a weak Q3 FY26 with net profit crashing to ₹26.10 lakhs from ₹8.36 crores in the same period last year, largely saved from a loss by a deferred tax credit of ₹2.23 crores. Revenue from operations remained stagnant at ₹101.88 crores compared to ₹103.15 crores YoY, while the company posted a pre-tax loss of ₹1.97 crores. The auditor's report contains several critical qualifications, including the inability to verify inventory and fixed assets, and notes a pending SEBI penalty that restrained directors from the securities market.
Key Highlights
Net profit for Q3 FY26 fell 96.8% YoY to ₹26.10 lakhs, down from ₹8.36 crores in Q3 FY25.
Revenue from operations decreased 14% sequentially to ₹101.88 crores from ₹118.60 crores in Q2 FY26.
Auditors flagged inability to verify physical inventory and Property, Plant & Equipment (PPE) for the period.
SEBI imposed a ₹12 lakh penalty on the company and ₹54 lakh on directors/KMPs, restraining them from the market for one year.
7.5 million convertible warrants lapsed and were forfeited as holders failed to exercise conversion options by the December 2025 deadline.
💼 Action for Investors
Investors should remain highly cautious given the sharp decline in operational profitability and multiple auditor qualifications regarding asset verification. The ongoing legal disputes with Bank of Baroda and SEBI regulatory actions represent significant governance and financial risks.
Magnum Ventures Receives Order Under Section 73 SGST Act
Magnum Ventures Limited has received an order under Section 73 of the SGST Act. The order, dated December 10, 2025, was accessed on December 13, 2025. The company is alleged to have availed Input Tax Credit (ITC) improperly. The demand raised aggregates to ₹1,42,91,497, but the company anticipates no material impact on its operations.
Key Highlights
Order received under Section 73 of the SGST Act
Demand raised aggregating to ₹1,42,91,497
Order dated December 10, 2025, accessed December 13, 2025
Allegation of improper Input Tax Credit (ITC) availment
💼 Action for Investors
Investors should monitor the company's response to the SGST order and any potential impact on future earnings. While the company states no material impact is expected, further developments could change this assessment.
Magnum Ventures redeems ₹150 Cr NCDs via TFCI funding
Magnum Ventures Limited has partially redeemed its Non-Convertible Debentures (NCDs) to the tune of ₹150 Crores using funds raised from Tourism Finance Corporation of India Limited (TFCI). The company raised fresh debt of ₹150 Crores from TFCI at an interest rate of 13.00% per annum. Post redemption, the outstanding debenture amount now stands at ₹61.45 Crores. The loan from TFCI will be repaid in 48 quarterly installments commencing from 15th April, 2026 to 15th January, 2038.
Key Highlights
Redeemed Existing Debentures of ₹150 Crores.
Raised fresh debt of ₹150 Crores from TFCI.
TFCI loan interest rate is 13.00% per annum.
Outstanding debenture amount now stands at ₹61.45 Crores.
💼 Action for Investors
Investors should monitor the company's debt levels and interest expenses following this refinancing. Keep an eye on the company's ability to meet its repayment obligations to TFCI.