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Magnus Steel and Infra Ltd held an Extraordinary General Meeting on 10 February 2026 via video conferencing from 3:00 PM to 3:33 PM. Two special resolutions were put to vote and both were passed overwhelmingly with 99.99% in favour. Resolution 1 approved the issuance of equity shares on a preferential basis to non-promoters for cash consideration. Resolution 2 approved the shifting of the company's registered office. Out of 11,800 shareholders, only 24 voted — 23 in favour (15,62,415 shares) and 1 against (100 shares), with a turnout of 46.22% of outstanding shares. The scrutinizer Ritesh Sharma confirmed the voting process was fair and transparent.
The preferential share issuance to non-promoters will lead to dilution of existing shareholders' stakes, though promoter interest is unaffected. The registered office shift is an administrative change. Strong voting support (99.99%) signals shareholder confidence in both proposals.