Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Magnus Steel and Infra Limited (formerly Magnus Retail Limited, BSE: 517320) has issued the Notice of its 47th Annual General Meeting to be held on Tuesday, September 30, 2025 at 3:00 PM (IST) via Video Conferencing (VC)/OAVM. The AGM will consider three items: (1) adoption of audited financial statements for FY 2024-25, (2) re-appointment of Managing Director Mr. Karronn Naresh Bajaj (DIN: 09375579) who retires by rotation, and (3) appointment of M/s Ritesh Sharma & Associates as Secretarial Auditors for a term of five consecutive years from FY 2025-26 to FY 2029-30. Annual Report highlights show total revenue rose sharply to Rs. 318.81 lakhs (from Rs. 66.54 lakhs in FY23-24), with a turnaround to a net profit of Rs. 5.67 lakhs versus a net loss of Rs. 37.81 lakhs previously. No dividend has been recommended due to historical losses. E-voting via NSDL runs from September 27-29, 2025, with cut-off date of September 23, 2025.
The revenue jump and return to profitability in FY 2024-25 mark a significant turnaround for shareholders, driven by the company's pivot to iron and steel trading. However, the absence of a dividend and the small profit size suggest limited near-term cash returns. Shareholders should review the full annual report and vote on the proposed resolutions, including director re-appointment and secretarial auditor appointment.