NCLT Approves - Magnum Ventures’ Demerger Scheme

The National Company Law Tribunal (NCLT), Allahabad Bench at Prayagraj, has pronounced its order approving the First Motion Application in relation to the Scheme of Arrangement between Magnum Ventures Limited (Demerged Company) and Magnum Paperz Limited (Resulting Company). The order, pronounced on September 22, 2026, and published on September 25, 2026, paves the way for the segregation of Magnum Ventures' paper manufacturing business from its hospitality business into two separate listed entities. Demerged Company : Magnum Ventures Limited (retaining the Hotel Business Resulting Company : Magnum Paperz Limited (incorporating the Paper Business NCLT Bench & Order Date :Allahabad Bench, Prayagraj; Pronounced on Sept 22, 2026 Equity Share ExchangeRatio : 2 New Equity Shares of ₹10 each in Magnum Paperz for every 10 Equity Shares of ₹10 held in Magnum Ventures Preference Share Exchange Ratio : 9 New CRPS of ₹100 each in Magnum Paperz for every 10 CRPS of ₹100 held in Magnum Ventures