Magnum Ventures : Annual Report for the Financial Year 2022-23

Magnum Ventures Limited Annual Report 2022-23

The

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Engaged in the hospitality and paper businesses

Forward-looking statement

In this Annual Report, we have disclosed forward- looking information to enable investors to comprehend our prospects and take informed investment decisions. This report and other statements - written and oral- that we periodically make, contain forward looking statements that set out anticipated results based on the management's plans and assumptions. We have tried wherever possible to identify such statements by using words such as 'anticipates', 'estimates', 'expects', 'projects', 'intends', 'plans', 'believes' and words of similar substance in connection with any discussion of future performance. We cannot guarantee that these forward-looking statements will be realized, although we believe we have been prudent in our assumptions. The achievement of results is subject to risks, uncertainties and even inaccurate assumptions. Should known or unknown risks or uncertainties materialize, or should underlying assumptions prove inaccurate, actual results could vary materially from those anticipated, estimated or projected. Readers should bear this in mind. We undertake no obligation to publicly update any forward-looking statements, whether because of new information, future events or otherwise.

C O N T E N T S

04 Corporate Snapshot

1. The big picture
2. Chairman's strategic insight

16 Financial review

23 Our hotels business

1. Success drivers
2. Our brand

29 The Radisson optimism

31 Our complement of restaurants

1. Our cuisine philosophy
2. Our exclusive food and beverage competence

37 Our banquet facilities

41 Our paper business

46 The growing Indian weddings market

48 The world is growing increasingly vegan

50 The growing business conferences market

52 ESG resides at the core of our Magnum personality

56 The promoter family

58 Promoters. Board of Directors and key managerial persons

60 Management discussion and analysis

67 AGM Notice

85 Directors Report

102 Report on Corporate Governance

117 Financial Statements

The

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Magnum Ventures Limited comprises two businesses - hospitality and paper.

Both businesses have been differentiated around customer and societal needs.

The hospitality business comprises India's first all- vegetarian five-star hotel.

The paper business addresses the manufacture of recycled environment-friendly paper.

This consistent commitment to be engaged in the businesses of the future resulted in the Company reporting a revenue of H460 cr and a profit after tax of H70 cr in FY 2022-23.

The Company is committed to pushing the frontier and climbing to the next level from this point onwards, with the objective to enhance stakeholder value in a sustainable way.

02 Magnum Ventures Limited | Annual Report 2022-23

PART 1

Corporate Overview

03

THIS IS

WHO WE ARE.

THIS IS WHAT WE DO