Magnum Ventures Limited agreed to Spin-Off Magnum Paperz Limited on February 27, 2026. The proposed Scheme of Arrangement provides for Demerger of ?Paper Business? into Magnum Paperz Limited. Magnum Paperz Limited shall issue and allot 2 New Equity Shares of face value of INR 10 each, credited as fully paid-up, to the Equity
Shareholders of Magnum Ventures Limited for every 10 Equity Shares of face value of INR 10 each held by them in Magnum Ventures. Magnum Paperz will also issue 9 New Compulsorily Redeemable Preference Shares of face value of INR 100 each, credited as fully paid-up, to each of the Compulsorily Redeemable Preference Shareholders of Magnum Ventures for every 10 Compulsorily Redeemable Preference Shares of face value of INR 100 each held by them in Magnum Ventures. The Demerged undertaking consist of the business of manufacturing paper and paper products from wastepaper through its manufacturing facilities located at Sahibabad, District Ghaziabad, Uttar Pradesh (Delhi NCR), together with all activities incidental or ancillary thereto. The Scheme of Arrangement also provides for reduction of capital of the Demerged Company, Magnum Ventures Limited, for the purpose of giving effect to the Demerger. Upon the Scheme becoming effective, the Paper Business of Magnum Ventures shall stand demerged from and vested in Magnum Paperz Limited. The Equity Shares of Magnum Paperz Limited shall be listed on BSE and NSE.

The division reported turnover of INR 2.97 billion in FY 2024-25.

The Board of Directors of Magnum Ventures Limited approved the Scheme of Arrangement. The Scheme is subject to the approval of BSE Limited, the National Stock Exchange of India Limited, SEBI, shareholders and creditors of the company and such other statutory authorities as may be required and sanction thereof by the NCLT.