MSP Steel & Power 57th AGM Notice September 2026

Item No. 1: Adoption of audited financial statements for FY 2025-26

Consideration and adoption of standalone financial statements with reports of Board of Directors and Auditors
Consideration and adoption of consolidated financial statements with Auditors' report
Requires Ordinary Resolution

Item No. 2: Re-appointment of Mr. Suresh Kumar Agrawal (DIN: 00587623) as Director

Item No. 3: Ratification of remuneration payable to Cost Auditor

Mr. Sambhu Banerjee (Membership No. 9780) appointed as Cost Auditor for FY 2026-27
Remuneration: ₹1,00,000 plus applicable taxes and out-of-pocket expenses
Requires Ordinary Resolution

Item No. 4: Approval for payment of overall managerial remuneration in excess of prescribed limits

Seeks to increase overall managerial remuneration ceiling from 11% to 16% of net profits
Managing/Whole-time director remuneration ceiling from 10% to 11% of net profits
Non-executive director remuneration ceiling from 1% to 5% of net profits
Requires Special Resolution

Item No. 5: Approval of payment of remuneration to Mr. Suresh Kumar Agrawal, Non-executive Chairman

Maximum remuneration not exceeding ₹3 crores per financial year from April 1, 2026
Waiver of recovery of excess remuneration paid during FY 2025-26
Approval under Regulation 17(6)(ca) of SEBI LODR for exceeding 50% of total non-executive director remuneration
Requires Special Resolution

Item No. 6: Approval of payment of remuneration to Mr. Saket Agrawal (DIN: 00129209), Managing Director

Maximum remuneration not exceeding ₹3 crores per financial year from April 1, 2026
Approval under Regulation 17(6)(e) of SEBI LODR for promoter executive director remuneration
Requires Special Resolution

Item No. 7: Approval of payment of remuneration to Mr. Manish Agrawal (DIN: 00129240), Joint Managing Director

Maximum remuneration not exceeding ₹2 crores per financial year from April 1, 2026
Approval under Regulation 17(6)(e) of SEBI LODR for promoter executive director remuneration
Requires Special Resolution

Item No. 8: Approval of material related party transactions with MSP Sponge Iron Limited

Aggregate value not exceeding ₹200 crores during FY 2026-27
Transactions include sale of power and store materials, purchase of pig iron, silico manganese, stores
Requires Ordinary Resolution

Remote e-Voting Period: September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
e-Voting Service Provider: National Securities Depository Limited (NSDL)
Voting Methods: Remote e-voting and e-voting during AGM
VC/OAVM Access: Available 30 minutes before and after scheduled meeting time
Attendance Counting: VC/OAVM attendance counted for quorum under Section 103 of Companies Act, 2013
Restrictions: Members who vote through remote e-voting cannot vote again at AGM

FY 2025-26 Total Income: ₹2,84,603.55 lakhs
FY 2025-26 Profit before Tax: ₹7,805.70 lakhs
FY 2025-26 Net Profit: ₹3,385.09 lakhs (includes Deferred Tax Adjustment of ₹4,737.37 lakhs)
FY 2025-26 Net Worth: ₹1,02,731.83 lakhs
FY 2024-25 Net Profit: (₹2,870.98) lakhs (loss)
FY 2023-24 Net Profit: ₹1,438.90 lakhs

| 2025-26 | 100.60 | 76.88 | 106.32 |

| 2024-25 | 97.87 | 75.39 | 100.85 |

| 2023-24 | 59.57 | 56.22 | 56.93 |

Related Party: MSP Sponge Iron Ltd (promoter group entity holding 4.36% shares)
Transaction Types: Sale of power and store materials, purchase of pig iron, silico manganese, stores
Maximum Value: ₹200 crores during FY 2026-27
FY 2025-26 Transaction Value: ₹14,354.35 lakhs (5.05% of consolidated turnover)
Relationship: MSP Sponge Iron Ltd operates under same management

The notice confirms compliance with:

Company Website: www.mspsteel.com
The company confirms it is not in default in payment of dues to any bank, financial institution, or secured creditors