Novel magnesium 1,2,4-triazole-1-carbodithioates were sonochemically synthesized as water-dispersable nanoparticles owing to their water insolubility. The two-step reaction protocol was followed to synthesize the novel triazole ligand system for complexation with magnesium metal due to its low biological toxicity. Different concentrations of Poly Vinyl Pyrrolidine were used to stabilize and standardise the size of nanoparticles, which were characterised by TEM analysis. UV-Visible and infrared spectroscopies were used to analyse the metal ligand interaction, and CHNS analysis was used to propose the structure of the metal complex. The spore germination inhibition technique was used to evaluate the antifungal potential of synthesized nano-complexes against two phytopathogenic test fungi viz. A. alternata and F. moniliforme. The nanoparticles had inflicted moderate in vitro inhibition of fungal growth, which was comparable to standard fungicide Indofil M-45. The in silico toxicity of the compounds was made using the Toxtree analysis software that indicated the compounds belong to class III group of toxicity, which was same as that of commercial standards of DTC.