Magnus Steel and Infra Ltd

Meeting Details

• Date of Rights Issue Committee meeting: October 21, 2026.
• Time: not disclosed.
• Location: not disclosed.

Key Agenda Items

• Determine Rights Issue price and related payment mechanism.
• Decide rights entitlement ratio.
• Determine record date for Rights Issue.
• Determine timing of the Rights Issue.
• Decide other terms and conditions of the Rights Issue.

Other Notes

• Trading window to remain closed from Oct 15, 2026 until 48 hours after meeting conclusion.

AGM and e-voting details

• AGM scheduled for Sep 30, 2026 with e-voting facility via NSDL.
• Cut-off date for e-voting is Sep 23, 2026.
• E-voting platform: evoting.nsdl.com.

Magnus Steel and Infra Ltd: Trading window closed from 1 October 2026 until 48 hours after declaration of unaudited financial results for the quarter and half year ended 30 September 2026.

Key clarification

• Clarifies significant recent movement in the company's equity shares under SEBI LODR requirements.
• States Magnus Steel and Infra Ltd was formerly known as Retail Limited.
• Filed with BSE on September 18, 2026.

Financial performance

• Revenue from operations: ₹2,257.97 Lakhs in FY2025-26.
• Profit after tax: ₹450.55 Lakhs in FY2025-26.
• Earnings per share: ₹13.33 for FY2025-26.
• PBDT: ₹471.98 Lakhs in FY2025-26.
• Net cash flow from operating activities: outflow ₹17.01 Lakhs.
• Dividend: no dividend recommended for FY2025-26.

Operations & business model

• No manufacturing activity; business now focuses on iron/steel trading.
• Resumed trading in iron & steel and engineering products.

Corporate actions & governance

• Name changed to Magnus Steel & Infra Limited.
• Registered office shifted to Pune; Special resolution approved.
• Krutika Shah appointed Independent Director on 28-Mar-2026 for five years.
• Chinmay Pradhan appointed Managing Director from 28-Mar-2026.
• Rights issue proposed but withdrawn due to minimum subscription.
• Company Secretary Ms Kshipra Bansal appointed 22-Dec-2025.

Capital structure & liquidity

• Equity share capital: ₹338.03 Lakhs; 33.80 lakh shares.
• Non-current borrowings: ₹175.74 Lakhs (incl. ₹173.13 Lakhs from related parties).
• Current liabilities: ₹898.91 Lakhs; Sundry creditors ₹857.93 Lakhs.
• Cash and cash equivalents: ₹0.63 Lakhs.

Related party transactions

• Related party transactions are at arm's length; disclosed per Ind AS 24.
• Loans from Directors outstanding: ₹33.35 Lakhs as at 31 March 2026 (₹0.85 to Karronn, ₹32.50 to Aditya).
• No material related party transactions beyond arm's length; disclosures in notes.

Audit, internal controls & compliance

• Statutory auditors: Verma S & Associates; report contains no adverse remarks.
• Secretarial auditor: Ritesh Sharma; CS non-compliance penalty paid; new CS appointed.
• Internal financial controls are adequate and effective; quarterly review by Audit Committee.

Risks, outlook & governance

• Trading focus exposes company to steel market fluctuations; no manufacturing activity.
• Going concern: management to fund obligations; accounts prepared on going concern basis.

Key Decisions

• Approved 48th AGM on 30 September 2026 at 3:00 PM via VC/OAVM; draft AGM notice approved.
• Approved Secretarial Audit Report for FY ending 31 March 2026 by M/s Ritesh Sharma & Associates.

Dematerialisation status

• Dematerialisation requests processed and confirmed to the depositories for quarter ended 30 June 2026.
• Securities dematerialised have been listed on the stock exchanges where earlier securities are listed.
• Physical certificates for dematerialisation were mutilated and cancelled; depository name substituted as registered owner within prescribed timelines.