Magnus Steel & Infra Limited EGM Achieves 99.99% Approval for Key Resolutions

3 min read     Updated on 04 Feb 2026, 10:45 PM
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Reviewed by
Ashish TScanX News Team
Overview

Magnus Steel & Infra Limited successfully conducted its EGM on February 10, 2026, achieving overwhelming 99.99% approval rates for two special resolutions covering preferential share issuance and registered office shifting. The meeting saw participation from 2 promoter group members and 31 public shareholders via video conferencing, with detailed voting results scrutinized by Ritesh Sharma & Associates and announced on February 11, 2026.

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*this image is generated using AI for illustrative purposes only.

Multiple Indian companies have announced their quarterly financial results for the third quarter of FY26 ended December 31, 2025, demonstrating continued corporate transparency and regulatory compliance under SEBI guidelines.

Magnus Steel & Infra Limited EGM Voting Results

Magnus Steel & Infra Limited (formerly Magnus Retail Limited) declared comprehensive voting results for its Extraordinary General Meeting held on February 10, 2026, pursuant to Regulation 44(3) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The EGM was conducted through Video Conferencing from 3:00 PM to 3:33 PM, with results announced on February 11, 2026.

Meeting Participation and Structure

Parameter: Details
Total Shareholders on Record Date 11,800
Record Date February 03, 2026
Promoter Group Attendance (VC) 2
Public Shareholders Attendance (VC) 31
Total Resolutions 2 Special Resolutions
Scrutinizer Ritesh Sharma & Associates

Resolution 1: Preferential Share Issuance

The first special resolution regarding "Issuance of equity shares of the company on Preferential issue to Non-Promoters for Cash Consideration" achieved overwhelming approval:

Category: Shares Held Votes Polled Votes in Favor Votes Against Approval %
Promoter Group 1,559,215 1,559,215 1,559,215 0 100.00%
Public Non-Institutions 1,821,085 3,300 3,200 100 96.97%
Total 3,380,300 1,562,515 1,562,415 100 99.99%

Resolution 2: Registered Office Shifting

The second special resolution for "Shifting of Registered Office of the Company" received identical voting results:

Category: Shares Held Votes Polled Votes in Favor Votes Against Approval %
Promoter Group 1,559,215 1,559,215 1,559,215 0 100.00%
Public Non-Institutions 1,821,085 3,300 3,200 100 96.97%
Total 3,380,300 1,562,515 1,562,415 100 99.99%

Voting Process and Compliance

The remote e-voting was conducted from February 06-09, 2026, through NSDL's e-voting platform, with additional e-voting facility available during the EGM. The scrutinizer report was prepared by Ritesh Sharma & Associates, Company Secretaries (Membership No. 55206), confirming the validity of the voting process.

Key Voting Statistics

Voting Details: Count
Total Members Voted in Favor 23
Total Members Voted Against 1
Invalid Votes 0
Voting Participation Rate 46.22%

Other Corporate Financial Updates

Bioenergy and Chemical Sector

TruAlt Bioenergy Limited and Aether Industries Limited both approved their unaudited standalone and consolidated financial results for Q3 FY26 on February 03, 2026. Both companies have made their results accessible through QR codes and standard regulatory channels.

Investment Sector Performance

TSF Investments Limited (formerly Sundaram Finance Holdings Limited) reported strong Q3 FY26 performance:

Financial Metric: Q3 FY26 (₹ crores) Q3 FY25 (₹ crores)
Total Income from Operations 5,445.20 1,731.77
Net Profit After Tax 4,447.51 1,155.84
Earnings Per Share (₹) 2.00 0.52

The company declared an interim dividend of ₹6.70 per share (134%) for FY 2025-26, with the record date set for February 10, 2026.

Pharmaceutical Sector Results

Mankind Pharma Limited presented comprehensive Q3 FY26 results:

Consolidated Results: Q3 FY26 (₹ crores) Q3 FY25 (₹ crores)
Revenue from Operations 3,567.20 3,198.79
Profit After Tax 413.88 377.87
Basic EPS (₹) 9.90 9.29

Dr. Agarwal's Health Care Limited and Fidel Softech Limited also announced their Q3 FY26 financial results, with both companies ensuring accessibility through multiple regulatory channels and QR code systems.

Regulatory Compliance

All announced results and corporate actions comply with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The companies have ensured accessibility through multiple channels including stock exchange websites, company portals, and QR code systems for investor convenience, reflecting ongoing commitment to transparency and regulatory adherence.

Historical Stock Returns for Magnus Steel & Infra

1 Day5 Days1 Month6 Months1 Year5 Years
-100.00%+10.36%+29.05%+1,035.60%+1,211.69%+3,313.45%

Magnus Steel and Infra Limited Issues Corrigendum to EGM Notice for February 10, 2026 Meeting

2 min read     Updated on 03 Feb 2026, 11:39 PM
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Reviewed by
Shriram SScanX News Team
Overview

Magnus Steel and Infra Limited issued a corrigendum on February 03, 2026, to its EGM notice for the meeting scheduled on February 10, 2026. The correction addresses an error in the post-issue shareholding percentage of Ms. Arti Anjaria, changing it from 11.11% to 10.33%. The EGM seeks approval for a preferential issue of 4,50,00,000 equity shares to five non-promoter entities. BSE Limited had requested this clarification on January 28, 2026, following the company's application for in-principle approval of the proposed preferential issue.

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*this image is generated using AI for illustrative purposes only.

Magnus Steel and Infra Limited has issued a corrigendum to its Extra-Ordinary General Meeting (EGM) notice, addressing a correction in shareholding calculations for its upcoming preferential issue. The corrigendum, dated February 03, 2026, pertains to the EGM scheduled for February 10, 2026, originally notified on January 15, 2026.

Correction Details

The company identified an inadvertent error in the explanatory statement regarding the post-issue shareholding percentage of proposed allottee Ms. Arti Anjaria. The correction involves adjusting her percentage from the previously stated 11.11% to the accurate figure of 10.33%.

Parameter Original Notice Corrected Figure
Ms. Arti Anjaria's Post-Issue Shareholding 11.11% 10.33%
Shares to be Allotted 50,00,000 50,00,000
Current Status Non-Promoter Non-Promoter

Regulatory Background

BSE Limited, through their communication dated January 28, 2026, requested the company to provide clarification regarding the proposed preferential issue. This request came after Magnus Steel had filed an application for obtaining in-principle approval from BSE for the preferential issue, as required under Regulation 28(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Preferential Issue Structure

The EGM seeks shareholder approval for issuing equity shares to five non-promoter entities through preferential allotment:

Proposed Allottee Shares to be Issued Post-Issue Holding (%) Ultimate Beneficial Owner
Nautilus Private Capital Ltd 1,00,00,000 20.67% Mr. Veeraj Toofany
MGO Conviction Incorporated Sub Fund 1,00,00,000 20.67% Mrs. Soufia Maariyah, Mrs. Yashna Devi Seebaluck, Mr. Mithilesh Soobarah
AI Foodstuff LLC 1,00,00,000 20.67% MD Monirul
Mr. Manoj Sawant 1,00,00,000 20.67% NA
Ms. Arti Anjaria 50,00,000 10.33% NA
Total 4,50,00,000

Meeting and Documentation Details

The EGM notice was originally dispatched to shareholders on January 19, 2026, with the corrigendum sent on February 03, 2026. The meeting is scheduled for Tuesday, February 10, 2026, at 03:00 p.m. through video conferencing/other audio-visual means (VC/OAVM).

The corrigendum forms an integral part of the original EGM notice and must be read in conjunction with it. All other contents of the notice remain unchanged except for the specific correction mentioned. Both documents are available on the company's website at www.magnussteelinfra.in and BSE's website at www.bseindia.com .

Corporate Compliance

The preferential issue requires approval through a special resolution as per the Companies Act, 2013, and relevant SEBI (ICDR) Regulations, 2018. The company has confirmed that none of its Directors, Key Managerial Personnel, or their relatives have any financial or other interest in this resolution. The issue will be within the company's authorized share capital limits.

Historical Stock Returns for Magnus Steel & Infra

1 Day5 Days1 Month6 Months1 Year5 Years
-100.00%+10.36%+29.05%+1,035.60%+1,211.69%+3,313.45%

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1 Year Returns:+1,211.69%