Key Quantitative Figures

  • Revenue from Operations (FY 2025-26): ₹2,257.97 lakhs (Previous year: ₹318.81 lakhs)
  • Net Profit After Tax (FY 2025-26): ₹450.55 lakhs (Previous year: ₹5.67 lakhs profit)
  • Paid-up Equity Share Capital: ₹338.03 lakhs divided into 33,80,300 shares of ₹10 each
  • Current Assets (Mar 31, 2026): ₹1,413.57 lakhs (including Trade Receivables: ₹1,359.80 lakhs)
  • Current Liabilities (Mar 31, 2026): ₹898.91 lakhs
  • Non-Current Borrowings: ₹175.74 lakhs (mainly from directors and related parties)
  • Cash and Cash Equivalents: ₹0.63 lakhs

Dates of Action

  • AGM Date: Wednesday, September 30, 2026 at 3:00 PM IST
  • Remote e-voting period: September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
  • Cut-off date for voting eligibility: September 23, 2026
  • Board meetings held during FY 2025-26: 16 meetings
  • Financial year ended: March 31, 2026

Parties Involved

  • Stock Exchange: BSE Limited
  • Registrar & Share Transfer Agent: MUFG Intime India Private Limited
  • E-voting service provider: National Securities Depository Limited (NSDL)
  • Statutory Auditors: M/s. Verma S & Associates, Chartered Accountants
  • Secretarial Auditors: M/s. Ritesh Sharma & Associates, Company Secretary
  • Bankers: Kotak Mahindra Bank, ICICI Bank, HDFC Bank

AGM Agenda Items

Ordinary Business

1. Adoption of Standalone Audited Financial Statements for FY 2025-26 together with Directors' and Auditors' Reports

2. Re-appointment of Mr. Aditya Naresh Bajaj (DIN: 09601315) who retires by rotation

Special Business

3. Appointment of Mrs. Krutika Shrenik Shah (DIN: 11631205) as Independent Director for 5 years (March 28, 2026 to March 27, 2031)

4. Shifting of Registered Office from Nashik to Pune (E-101 La Vida Loca, Pimple Saudagar, Pune - 411027)

Financial Performance Review

FY 2025-26 Highlights:

  • Total Revenue: ₹2,257.97 lakhs (607% increase from previous year)
  • Profit Before Depreciation & Tax: ₹471.98 lakhs
  • Depreciation: ₹15.04 lakhs
  • Finance Cost: ₹6.39 lakhs
  • Net Profit After Tax: ₹450.55 lakhs (significant turnaround from previous year)
  • No dividend recommended for the year

Operational Update:

The company resumed trading in iron & steel products, including engineering products, in the international market during the year under review.

Capital Structure Impact

  • No change in share capital during the year
  • No shares issued or bought back
  • Paid-up capital remains at ₹338.03 lakhs

Director Changes

Appointments during FY 2025-26:

  • Mr. Chinmay Pradhan as Additional Managing Director (w.e.f. March 28, 2026) [Resigned w.e.f. July 08, 2026]
  • Mr. Prakash Salve as Additional Executive Director (w.e.f. March 28, 2026) [Resigned w.e.f. July 08, 2026]
  • Mrs. Krutika Shrenik Shah as Independent Director (w.e.f. March 28, 2026)
  • Ms. Kshipra Bansal as Company Secretary & Compliance Officer (w.e.f. December 22, 2025)

Resignations:

  • Ms. Sarita Kumari as Company Secretary and Compliance Officer (w.e.f. September 01, 2025)
  • Mrs. Aarti Horilal Singh as Independent Director (w.e.f. July 08, 2026)

Key Managerial Personnel

1. Mr. Karronn Naresh Bajaj - Chairman & Managing Director & CEO

2. Mr. Aditya Naresh Bajaj - Whole Time Director

3. Ms. Kshipra Bansal - Company Secretary & Compliance Officer

Loans from Directors

The company availed loans from directors during the year:

  • Mr. Karronn Naresh Bajaj: ₹34.35 lakhs borrowed, ₹33.50 lakhs repaid, closing balance: ₹0.85 lakhs
  • Mr. Aditya Naresh Bajaj: ₹32.50 lakhs borrowed, no repayment, closing balance: ₹32.50 lakhs

Registered Office Shift

The Board approved shifting of registered office from Unit No. 365, Shirasgaon, Niphad, Nashik - 422001 to E-101 La Vida Loca, Pimple Saudagar, Pune - 411027, Maharashtra. This requires shareholder approval via special resolution.

Auditor Reports

Statutory Auditors (M/s. Verma S & Associates):

  • Unmodified audit opinion
  • No adverse remarks, qualifications, or disclaimer
  • Internal financial controls found adequate and effective

Secretarial Auditors (M/s. Ritesh Sharma & Associates):

  • One observation: Non-compliance with SEBI LODR Regulation 6(1) regarding appointment of qualified Company Secretary as Compliance Officer, which led to penalty imposition
  • Company rectified by appointing Ms. Kshipra Bansal and paid the penalty
  • Otherwise clean secretarial audit report

Compliance Status

  • No deposits accepted from public
  • No material orders passed by regulators/courts affecting going concern status
  • No pending litigations impacting financial position
  • Related party transactions at arm's length
  • Adequate internal financial controls in place

Voting Procedures

  • Remote e-voting through NSDL from September 27-29, 2026
  • Physical shareholders must register for e-voting by submitting required documents
  • Members can join AGM through VC/OAVM facility
  • Results will be scrutinized by Mr. Ritesh Sharma, Practicing Company Secretary

Other Disclosures

  • Company website: www.magnussteelinfra.in
  • No subsidiary, associate or joint venture companies
  • No CSR activities undertaken