Updates

Magnum Ventures Limited CIN: L21093DL1980PLC010492 Registered Office: Room No. 101, 64/6, Site-IV, Sahibabad Industrial Area, Ghaziabad-201010, Uttar Pradesh, Phone: 0120-4180000 E-mail: info@magnumventures.in Website: www.magnumventures.in Date: 18th July, 2026 To To BSE Limited National Stock Exchange India Limited Phiroze JeeJeebhoy Towers, Exchange Plaza, C-1, Block G, Bandra-Kurla Dalal Street, Fort Complex, Bandra(E) Mumbai-400001 Mumbai-400 051 Subject: Disclosure under Regulation 30 & 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Receipt of Observation Letters from BSE Limited and National Stock Exchange of India Limited in relation to the Scheme of Arrangement Ref: Scrip Code BSE: 532896, 975493 NSE: MAGNUM Dear Sir/Madam, Pursuant to Regulation 30 & 51 read with Schedule of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company has received Observation Letters from BSE Limited and the National Stock Exchange of India Limited in respect of the proposed Scheme of Arrangement amongst Magnum Ventures Limited and Magnum Paperz Limited and their respective shareholders and creditors, under Sections 230 to 232 read with section 66 and other applicable provisions of the Companies Act, 2013. The Observation Letters received from BSE Limited and the National Stock Exchange of India Limited are enclosed herewith. This is for your information and record. Thanking You Yours Sincerely, For Magnum Ventures Limited Aaina Gupta Company Secretary cum Compliance Officer Corporate Office: 18/41, Site IV, Industrial Area, Sahibabad, Ghaziabad (U.P) 201010 Ph: 0120-4199200 Ref: NSE/LIST/53938 July 17, 2026 The Company Secretary, Magnum Ventures Limited Dear Sir/Madam, Sub: Observation Letter for draft Scheme of Arrangement amongst Magnum Ventures Limited and Magnum Paperz Limited and their respective shareholders and creditors under sections 230 and 232 read with section 66 and other applicable provisions of the Companies Act, 2013 and other applicable laws. We are in receipt of the captioned draft scheme filed by Magnum Ventures Limited. Based on our letter reference no. NSE/LIST/53938 datedJune 11, 2026, submitted to SEBI pursuant to SEBI Master Circular no. SEBI/HO/CFD/POD-2/P/CIR/2023/93 dated June 20, 2023, and Regulation 94(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, SEBI vide its letter dated July 17, 2026 has inter alia given the following comment(s) on the draft scheme of arrangement: a) The Company shall ensure that it discloses all details of ongoing adjudication & recovery proceedings, prosecution initiated and all other enforcement action taken, if any, against the Company, its promoters and directors, before Hon’ble NCLT and shareholders, while seeking approval of the scheme. b) The Company shall ensure that additional information, if any, submitted by the Company after filing the scheme with the stock exchange, from the date of receipt of this letter, is displayed on the websites of the listed company and the stock exchanges. c) The Company shall ensure compliance with the SEBI circulars issued from time to time. d) The entities involved in the Scheme shall duly comply with various provisions of the Circular and ensure that all the liabilities of Demerged Company are transferred to the Resulting Company. e) The Company shall ensure that the information pertaining to all the Unlisted Companies involved, if any, in the scheme shall be included in the format specified for abridged prospectus as provided in Part E of Schedule VI of the ICDR Regulations, 2018, in the explanatory statement or notice or proposal accompanying resolution to be passed, which is sent to the shareholders for seeking approval. Continuation Sheet Ref: NSE/LIST/53938 July 17, 2026 f) The Company shall ensure that the financials in the scheme including financials considered for valuation report are not for period more than 6 months old. g) The Company shall ensurethat the details of the proposed scheme under consideration as provided by the Company to the Stock Exchange shall be prominently disclosed in the notice sent to the Shareholders. h) The Companies shall disclose the following as a part of explanatory statement or notice or proposal accompanying resolution to be passed to be forwarded by the company to the shareholders while seeking approval u/s 230 to 232 of the Companies Act 2013 – 1. The revised scheme of arrangement submitted to SEBI dated July 13, 2026. 2. Clearly disclose the details of the non-compliance with the Takeover Regulations and the pending Settlement Applications filed with SEBI 3. Need for the demerger, Rationale of the scheme, Synergies of business of the entities involved in the scheme, Impact of the scheme on the shareholders and cost benefit analysis of the scheme 4. Value of Assets and liabilities of MVL that are being transferred to MPL and post-scheme balance sheet of MPL and MVL. 5. Impact of scheme on revenue generating capacity of MVL along with future prospects of MVL. 6. Details of Revenue, PAT and EBIDTA of MVL and MPL for last 3 years in the following format Particulars FY 2025-26 FY 2024-25 FY 2023-24 Revenue from Operations (Rs.) Profit After Tax (Rs.) EBIDTA YoY growth rate of Revenue (%) YoY growth rate of PAT (%) Industry growth rate (%) 7. Recommendation of share entitlement ratio dated February 27, 2026, from Mallika Goel, Registered Valuers and the clarification letter dated July 10, 2026, from the Listed Company with respect to the Valuation. 8. Details of the actions initiated, pending or completed against the Company and entities/individuals named as promoters/directors of the entities involved in merger. 9. No Objection Certificate (NOC) from the lending scheduled commercial banks/financial institutions/ debenture trustees. Continuation Sheet Ref: NSE/LIST/53938 July 17, 2026 i) The Company shall ensure that the proposed equity shares to be issued in terms of the “Scheme” shall mandatorily be in demat form only. j) The Company shall ensure that the “Scheme” shall be acted upon subject to the applicant complying with the relevant clauses mentioned in the scheme document. k) The Company shall ensure no changes to the draft scheme except those mandated by the regulators/ authorities / tribunals shall be made without specific written consent of SEBI. l) The Company shall ensure that the observations of SEBI/Stock exchanges shall be incorporated in the petition to be filed before NCLT and the company is obliged to bring the observations to the notice of NCLT. m) The Company to comply with all the applicable provisions of the Companies Act, 2013, rules and regulations issued thereunder including obtaining the consent from the creditors for the proposed scheme. n) The Company shall disclose the No-Objection letter of the Stock Exchange(s) on its website within 24 hours of receiving the same. o) It is to be noted that the petitions are filed by the company before NCLT after processing and communication of comments/observations on draft scheme by SEBI/stock exchange. Hence, the company is not required to send notice for representation as mandated under section 230(5) of Companies Act, 2013 to SEBI again for its comments / observations / representations. p) Please note that the submission of documents/information, in accordance with the Circular to SEBI, should not in any way be deemed or construed that the same has been cleared or approved by SEBI. SEBI does not take any responsibility either for the financial soundness of any scheme or for the correctness of the statements made or opinions expressed in the documents submitted. It is to be noted that the petitions are filed by the company before NCLT after processing and communication of comments/observations on draft scheme by SEBI/ Stock exchange. Hence, the company is not required to send notice for representation as mandated under section 230(5 [Showing first 8,000 characters — download PDF for full document]