Magnus Steel & Infra Ltd convened its 48th Annual General Meeting (AGM) on September 30, 2026, where shareholders approved key governance and operational changes, including the shifting of the company's registered office.

The meeting was conducted through Video Conferencing and Other Audio Visual Means in compliance with Ministry of Corporate Affairs and SEBI circulars. Mr. Karronn Naresh Bajaj, Chairman and Managing Director, chaired the session. The requisite quorum was present throughout the proceedings, with 33 members participating via video conferencing.

Resolutions passed

Shareholders adopted the audited financial statements for FY26 along with the Directors' and Auditors' reports. The meeting also addressed directorial appointments and corporate structural changes. The specific resolutions passed are detailed below:

Governance and attendance details

Mr. Aditya Naresh Bajaj, Whole Time Director, provided an overview of the company's operations and financial performance during FY26. The Board introduced all members and invitees, noting that the notice convening the AGM and independent auditors' report were circulated in advance. Since there were no qualifications or adverse comments on the financial statements, the reports were taken as read.

The following directors and key managerial personnel attended the meeting:

• Mr. Karronn Naresh Bajaj: Chairman & Managing Director
• Mr. Aditya Naresh Bajaj: Whole Time Director
• Mr. Kunal Sorathia: Independent, Non-Executive Director
• Mrs. Krutika Shrenik Shah: Independent, Non-Executive Director
• Ms. Kshipra Bansal: Company Secretary & Compliance Officer

Voting process and scrutiny

Remote e-voting was facilitated from September 27, 2026, to September 29, 2026, under the provisions of the Companies Act, 2013. Mr. Ritesh Sharma, Partner of M/s. Ritesh Sharma & Associates, served as the Scrutinizer to ensure a fair and transparent voting process. E-voting remained open for an additional 15 minutes after the formal conclusion of the meeting to allow late participants to cast their votes.

The results, along with the Consolidated Scrutinizer's Report, will be declared within two working days and placed on the company website and NSDL portal. The company also informed members that the results would be forwarded to BSE Limited for their records.

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.