Magnus Steel and Infra Limited has made a disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 regarding commission income earned from brokerage and transaction facilitation services.

Nature of the Event

The company has earned brokerage and commission charges for rendering management consulting and transaction facilitation services for the purchase and sale of assets between third parties.

Key Transaction Details

  • Date of Receipt of Order: 17th June, 2026
  • Nature of Service: Brokerage & Commission Services for Purchase and Sale Transaction Facilitation
  • Value of Underlying Transaction: ₹60,00,00,000 (Rupees Sixty Crore Only)
  • Commission Breakdown:
  • Base Commission: ₹1,11,69,000
  • CGST @ 9%: ₹10,05,210
  • SGST @ 9%: ₹10,05,210
  • Total Invoice Value (incl. GST): ₹1,31,79,420 (Rupees One Crore Thirty One Lakh Seventy Nine Thousand Four Hundred Twenty Only)
  • Invoice Number: C02/26-27
  • Invoice Date: 17th June, 2026
  • HSN Code: 998311 (Management Consulting Services)

Counterparty Information

  • Name: M/s Shun Shing India Pvt. Ltd.
  • Address: B/206, Bldg 42, Wing Azad Nagar, Sangam CHS, Azad Nagar, Andheri West, Mumbai
  • GSTIN: 27AAQCS2350G1Z7
  • State: Maharashtra

Expected Timeline and Payment Terms

The commission income has been recognized upon rendering of the transaction facilitation services and issuance of the tax invoice on 17th June, 2026. Payment terms are immediate.

Impact on Financials

The commission income of ₹1,31,79,420 (inclusive of GST) is expected to contribute to the revenue from operations of the Company for the financial year 2026-27. The company states that while this income is "not material in absolute terms relative to the Company's total revenue," it represents a significant addition to the Company's diverse income streams and validates its expanding role in transaction facilitation and management consulting services beyond its core steel and infrastructure business.

Related Party Transaction Confirmation

The company confirms that the counterparty, M/s Shun Shing India Pvt. Ltd., is not a related party as defined under Section 2(76) of the Companies Act, 2013 and Regulation 2(1)(zb) of SEBI (LODR) Regulations, 2015.

Managerial Remuneration

Not applicable to this transaction.