Magnus Steel and Infra Limited has announced the receipt of purchase orders worth Rs. 32.50 Crores from M/s. RIECO Industries Limited, Pune, for the supply of steel products to Tata Motors Limited's new manufacturing facilities in Gujarat and Maharashtra. The disclosure was made on 11th May, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has been empanelled as an approved steel supplier for these projects after completing the requisite supplier qualification process, including quality audits and technical evaluations by RIECO Industries Limited.

Order Details at a Glance

The purchase orders pertain to the domestic supply of Hot Rolled Steel Plates (IS 2062 Grade A), HR Sheets, and Structural Steel Channels of various thicknesses ranging from 5mm to 40mm, intended for the construction of industrial sheds and related infrastructure at Tata Motors' automobile manufacturing facilities. The key parameters of the order are summarised below:

Order Book Breakdown

The total estimated order book from this engagement stands at approximately Rs. 32.50 Crores, comprising both executed orders and a pipeline of future releases. The following table provides a breakdown of the order book:

Purchase orders are being released in phases based on construction progress at Tata Motors' project sites in Gujarat and Maharashtra, providing the company with a visible order flow through the financial year.

Revenue and Profitability Impact

Revenue of approximately Rs. 8.50 Crores has already been recognised from orders executed in March–April 2026. The company's total revenue for FY 2025-26 was Rs. 22.58 Crores. The additional pipeline of approximately Rs. 24 Crores, if fully executed, is expected to result in substantial revenue accretion during FY 2026-27. This order also diversifies the company's revenue base into the automobile infrastructure sector, reducing dependence on the agro-products trading segment. Profitability will depend on prevailing steel procurement costs and margin realisation at the time of each delivery.

Vendor Qualification and Operational Readiness

Magnus Steel and Infra Limited was empanelled as an approved vendor after completing the supplier qualification process, which included quality audits and technical evaluations conducted by RIECO Industries Limited. The company has adequate steel procurement arrangements with primary mills and has enhanced its working capital facilities to support the execution of these orders. The promoters, promoter group, and group companies have no direct or indirect interest in RIECO Industries Limited or Tata Motors Limited.

Key Highlights

• Purchase orders are being released in six phases during FY 2026-27 as per construction progress
• Steel products to be supplied include HR Plates, HR Sheets, and Structural Steel Channels (5mm to 40mm)
• Quality compliance required as per IS 2062 and relevant BIS standards with Material Test Certificate for each lot
• Deliveries are to RIECO's Kuruli Plant, Pune and Ankleswar, Gujarat
• The company continues to pursue additional industrial supply opportunities in the infrastructure and manufacturing sectors

The disclosure was signed by Kshipra Bansal, Company Secretary & Compliance Officer of Magnus Steel and Infra Limited, from Pune on 11th May, 2026.

Magnus Steel and Infra Limited announced its audited standalone financial results for FY26, demonstrating exceptional growth across key financial metrics. The Board of Directors approved the financial results during a meeting held on May 1, 2026, which commenced at 5:00 PM IST and concluded at 7:45 PM IST, with results filed under Regulation 33 of SEBI Listing Regulations.

Outstanding Financial Performance

The company delivered remarkable financial performance for FY26, with total income reaching ₹2,257.97 lakhs compared to ₹319.01 lakhs in the previous year. Net profit surged dramatically to ₹450.55 lakhs from ₹5.67 lakhs in FY25, representing substantial growth in profitability.

Quarterly Performance Highlights

For the quarter ended March 31, 2026, the company recorded strong performance with total income of ₹713.64 lakhs and net profit of ₹152.25 lakhs. The quarterly results show consistent momentum in the company's operational efficiency.

Strong Balance Sheet Position

As of March 31, 2026, the company's total assets stood at ₹1,413.65 lakhs, a significant increase from ₹145.36 lakhs in the previous year. Current assets increased substantially to ₹1,413.57 lakhs from ₹145.17 lakhs, primarily driven by trade receivables of ₹1,359.80 lakhs. The equity position improved significantly with other equity moving to ₹0.98 lakhs from negative ₹482.76 lakhs in the previous year.

Regulatory Compliance and Audit Opinion

The statutory auditor, M/s. Verma S & Associates, issued an audit report with an unmodified opinion on the audited standalone financial results for FY26. Company Secretary Kshipra Bansal confirmed compliance with all regulatory requirements under SEBI Listing Regulations, with extracts of financial results to be published in newspapers as per Regulation 47.