Magnus Steel & Infra has secured in-principle approval from BSE for its proposed rights issue of fully paid-up equity shares. The stock exchange granted the permission via letter dated October 7, 2026.

The approval allows the company to use BSE's name in its Letter of Offer and related advertisements. This follows an application submitted by the company on July 16, 2026.

Regulatory conditions

BSE stipulated that the company must include a specific disclaimer clause in the Letter of Offer immediately after SEBI's disclaimer. The same text is required in all advertisements mentioning the exchange.

The exchange clarified that the permission does not constitute approval or certification of the offer's contents. It explicitly disclaimed responsibility for the company's financial soundness, management, or projects.

Magnus Steel & Infra Ltd declared the voting results of its 48th Annual General Meeting (AGM) held on September 30, 2026. All four resolutions proposed at the meeting were passed by shareholders with overwhelming support.

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 and voting outcomes

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 Scrutinizer's report confirmed that all resolutions received more than 99% votes in favour from those polled.

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 dated October 1, 2026, have been declared and placed on the company website and NSDL portal. The company forwarded the results to BSE Limited for their records.