Magnus Steel and Infra Limited has fulfilled its regulatory compliance obligations by submitting the mandatory confirmation certificate under SEBI regulations for the quarter ended March 31, 2026. The submission demonstrates the company's adherence to depositories and participants regulations governing securities dematerialisation processes.

Regulatory Compliance Submission

The company submitted its confirmation certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 to the Bombay Stock Exchange on April 15, 2026. Company Secretary Kshipra Bansal signed the submission letter, which was digitally executed and filed with the exchange authorities.

Registrar Confirmation Details

MUFG Intime India Pvt. Ltd. (formerly Link Intime India Private Limited), serving as the company's registrar and share transfer agent, issued the confirmation certificate dated April 1, 2026. The certificate was signed by Ashok Shetty, Sr. Vice President-Corporate Registry, confirming compliance with dematerialisation requirements.

Compliance Confirmations

The registrar confirmed that all securities received from depository participants for dematerialisation during the quarter ended March 31, 2026 were properly processed. Key compliance aspects covered include:

• Securities received for dematerialisation were confirmed or rejected to depositories
• All securities comprised in certificates are listed on stock exchanges where earlier issued securities are listed
• Security certificates received for dematerialisation were confirmed or rejected appropriately
• Security certificates were mutilated and cancelled after due verification by depository participants
• Depositories' names were substituted in the register of members as registered owners within prescribed timelines

This regulatory filing ensures transparency in the company's securities handling processes and maintains compliance with SEBI's depositories and participants regulations framework.

Magnus retail has announced major leadership restructuring following its board meeting held on March 28, 2026. The company's board of directors approved multiple key appointments and a significant designation change, all subject to shareholder approval, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Board Appointments

The board approved three strategic appointments based on recommendations from the Nomination and Remuneration Committee:

New Leadership Profiles

Chinmay Pradhan, appointed as Managing Director, brings 20 years of experience as a Sales and Business Tech Professional. His expertise spans sales, team management, and managing companies' internal technology and IT governance, risk, and compliance (GRC).

Prakash Salve, the new Additional Executive Director, is a highly skilled financial management professional with a Bachelor of Commerce degree and over five years of experience in financial principles, accounting, and business management.

Krutika Shah, appointed as Additional Non-Executive Independent Director, serves as a Company Secretary with strong knowledge of statutory compliances and corporate laws. She also brings expertise in strategic management and business planning.

Leadership Transition

In a significant organizational change, Karronn Bajaj's designation changed from Managing Director to Additional Non-Executive Director effective March 28, 2026. Bajaj, who has over 8 years of experience in steel trading and manufacturing, has served as director of Bajaj Tabular Products Pvt Ltd since 2015.

Compliance and Governance

All newly appointed directors have confirmed their eligibility and compliance with regulatory requirements. The company verified that none of the appointees are debarred from holding director positions by SEBI or any other regulatory authority, in accordance with the circular dated June 20, 2018, issued by stock exchanges.

Meeting Details

The board meeting commenced at 07:00 P.M. IST and concluded at 07:30 P.M. IST on March 28, 2026. The decisions were made with proper documentation and regulatory compliance, with the company secretary Kshipra Bansal digitally signing the official communication.

These strategic appointments reflect the company's commitment to strengthening its leadership team with experienced professionals across various domains, positioning Magnus Steel and Infra Limited for continued growth and enhanced governance.