Magnus Steel and Infra Ltd

Dematerialisation status

• Dematerialisation requests processed and confirmed to the depositories for quarter ended 30 June 2026.
• Securities dematerialised have been listed on the stock exchanges where earlier securities are listed.
• Physical certificates for dematerialisation were mutilated and cancelled; depository name substituted as registered owner within prescribed timelines.

Meeting Details

• Rights Issue Committee meeting scheduled for 21 July 2026; time and venue not disclosed.

Key Agenda Items

• Determine Rights Issue price and payment mechanism.
• Decide rights entitlement ratio and record date.
• Fix timing and other terms of the Rights Issue.
• Approve Rights Issue size up to Rs 40 crore.

Other Notes

• Trading window closed from July 16, 2026 until 48 hours after the meeting.

Rights Issue Approvals

• Board approved rights issue to raise up to Rs 40 crores via equity shares.
• Equity shares of Rs 10 face value to be issued on rights basis.
• Record date and price to be decided by Board or Rights Issue Committee.
• Draft Letter of Offer and related documents to be filed with BSE.
• Constitution of Rights Issue Committee: Karronn Bajaj (Chairman), Kunal Sarothia, Priya Gupta.
• Committee empowered to appoint intermediaries and perform all acts for the issue.
• Rights issue to existing equity shareholders as on record date; subject to approvals.

Board meeting rescheduled

• Originally scheduled for July 14, 2026; rescheduled to July 15, 2026 due to non-availability of directors.
• Agenda remains the fund-raising proposal; to be considered and approved.
• New date: July 15, 2026; agenda unchanged.
• Reason: non-availability of certain Directors.
• Trading window closed from July 9, 2026; will reopen 48 hours after board meeting closure.

Meeting Details

• Board to meet on Tuesday, July 14, 2026, at the registered office of the company.

Key Agenda Items

• To augment financial resources via fund-raising through equity, convertibles, or other securities in multiple trenches.

Other Notes

• Trading window closed from 09 July 2026 until 48 hours after the board meeting.

Chinmay Pradhan – Resignation as MD

• Resignation effective 8 July 2026; due to increased professional/personal commitments; no material reasons stated.

Prakash Salve – Resignation as Additional Executive Director

• Resignation effective 8 July 2026; due to personal commitments; no material reasons stated.

Aarti Singh – Resignation as Non-Executive Independent Director

• Resignation effective 7 July 2026 after business hours; due to personal commitments; no material reasons stated.

Karronn Bajaj – Director to Managing Director

• Designation changed to Managing Director effective 8 July 2026; subject to member approval.
• Profile: Director at Bajaj Tabular Products Pvt Ltd since 2015; 9+ years in steel.
• Relationship: brother of Aditya Bajaj and son of Naresh Bajaj.

Committee reconstitution

• Audit Committee reconstituted; Kunal Sorathia (Chair, Independent); Krutika Shah (Member, Independent); Karron Bajaj (MD).
• Nomination & Remuneration Committee: Priya Gupta (Chair, Independent); Krutika Shah (Member, Independent); Naresh Bajaj (Member, Non-Executive).
• Stakeholders Relationship Committee: Naresh Bajaj (Chair, Non-Executive); Priya Gupta (Member, Independent); Aditya Bajaj (Member, Executive).

Meeting Details

• Board meeting on 1 May 2026 at 5:00 p.m.
• To be held through video conferencing.

Key Agenda Items

• Approve standalone audited financial results for Q4 and year ended 31 March 2026.
• Consider the audit report with the financial results.
• Take up other business matters.

Other Notes

• Trading window closed from 1 April 2026 until 48 hours after results declaration.