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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
At a board meeting on March 28, 2026, Magnus Steel and Infra Ltd approved four key leadership changes. Mr. Chinmay Pradhan (DIN 10753724), a sales and business tech professional with 20 years of experience, was appointed as the new Managing Director. Mr. Prakash Salve (DIN 11632859), a finance professional with 5+ years of experience, was appointed as Additional Executive Director. Mrs. Krutika Shah (DIN 11631205), with expertise in statutory compliances and corporate laws, was appointed as Additional Non-Executive Independent Director. Separately, existing Managing Director Mr. Karronn Bajaj was redesignated as Non-Executive Director, with his brother Aditya Bajaj and father Naresh Bajaj also connected to the company. All appointments are subject to shareholder approval.
A significant leadership overhaul with a new MD taking charge from outside the promoter family, while the outgoing MD (from the promoter Bajaj family) steps back into a non-executive role. Shareholders should watch for the EGM/AGM outcome and assess the new MD's strategy for the steel and infra business going forward.