Magnus Steel & Infra Ltd has fixed Wednesday, September 23, 2026, as the cut-off date for determining member entitlement for electronic voting. This decision pertains to the items of business to be transacted at the company's 48th Annual General Meeting.

The Annual General Meeting is scheduled for Wednesday, September 30, 2026. The e-voting facility is provided in compliance with Section 108 of the Companies Act, 2013, read with Rule 20 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

E-voting mechanism and platform

The company has entered into an agreement with National Securities Depository Limited (NSDL) to facilitate the e-voting process. Shareholders eligible to vote can access the platform through NSDL's designated e-voting portal.

The cut-off date is established under Rule 20(4)(vii) of the Companies (Management and Administration) Rules, 2014, as amended. This rule governs the determination of voting rights based on shareholding records as of the specified date.

Corporate governance context

This intimation was filed with the Bombay Stock Exchange on September 22, 2026. The notice was signed by Karronn Naresh Bajaj, Managing Director of Magnus Steel and Infra Limited. The company's registered office is located in Nashik, Maharashtra.

The provision of e-voting facilities aligns with mandatory regulatory requirements for listed entities, ensuring broader shareholder participation in corporate decision-making processes.

Magnus Steel & Infra reported a dramatic turnaround in its financial performance for FY26, with net profit soaring to ₹450.55 lakh from ₹5.67 lakh in the previous year. The company’s revenue from operations expanded significantly, setting the stage for shareholder approvals at the upcoming annual general meeting.

The 48th Annual General Meeting (AGM) is scheduled for September 30, 2026. Shareholders will vote on the adoption of financial statements, the re-appointment of Mr. Aditya Naresh Bajaj as a director, and the appointment of Mrs. Krutika Shrenik Shah as an Independent Director.

Financial Performance

The company posted robust growth in both top-line and bottom-line metrics for the fiscal year ended March 31, 2026.

Revenue from operations grew to ₹2,257.97 lakh, driven by resumed trading in iron and steel products, including engineering goods. Other income remained negligible at ₹0.00 lakh compared to ₹0.20 lakh in FY25.

What the Numbers Show

The surge in profitability was operational in nature, stemming directly from increased trading volumes rather than one-off gains. Finance costs rose to ₹6.39 lakh from nil in the prior year, reflecting higher working capital requirements associated with the expanded trading activity. Despite this increase in interest outflows, the gross margin improvement from higher sales volume more than compensated, resulting in a substantial expansion of pre-tax profits.

Balance Sheet Signals

Trade receivables climbed sharply to ₹1,359.80 lakh from ₹141.57 lakh in FY25, indicating a significant buildup in outstanding dues from customers. This rise coincides with the six-fold increase in revenue, suggesting that credit terms may have been extended to support sales growth. Current liabilities also increased to ₹898.91 lakh from ₹113.74 lakh, primarily due to other financial liabilities rising to ₹857.93 lakh.

Corporate Actions

The Board proposed shifting the registered office from Nashik to Pune to optimize operational efficiency and leverage regional growth opportunities. This move requires approval via a special resolution at the AGM.

Additionally, the company has not recommended any dividend for FY26, aiming to conserve funds. The paid-up equity share capital remains unchanged at ₹338.03 lakh.

Governance Updates

Mr. Chinmay Pradhan and Mr. Prakash Salve resigned as Managing Director and Executive Director, respectively, effective July 8, 2026. Mrs. Aarti Horilal Singh also stepped down as an Independent Director on the same date. The secretarial audit report noted a penalty for non-compliance with SEBI regulations regarding the appointment of a qualified Company Secretary, which has since been rectified.