Commission Income of Rs 1.31 Crore from Transaction Facilitation Services
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Magnus Steel and Infra earned about Rs 1.11 crore (taxable value) as brokerage and commission for facilitating a purchase and sale transaction worth Rs 60 crore. Counterparty is Shun Shing India Pvt Ltd, an unrelated party. Total invoice value including GST is Rs 1.31 crore, to be booked in FY 2026-27. Management notes this is not material in absolute terms compared to total revenue but reflects the companys push into management consulting and transaction facilitation beyond its core steel and infrastructure business.
Modest one-time commission income; not material to overall revenue. Signals diversification into consulting but unlikely to move the stock meaningfully.