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Magnus Steel and Infra Limited (BSE Scrip: 517320) held its 47th AGM on September 30, 2025, via video conferencing from 3:00 PM to 3:30 PM. Three ordinary resolutions were put to vote: (1) adoption of FY2024-25 financial statements and auditors' report, (2) re-appointment of Managing Director Karronn Naresh Bajaj (DIN: 09375579), who retires by rotation, and (3) appointment of Ritesh Sharma & Associates as Secretarial Auditor. All three resolutions were passed unanimously with 100% votes in favour (15,61,565 votes) and zero votes against. Out of 33,80,300 total outstanding shares, only 46.19% were polled, with promoter group contributing nearly all votes (15,58,965 shares) and public non-institutions just 2,600 shares. There were zero public institutional shareholders.
Routine and positive for shareholders — all resolutions passed cleanly with no dissent, confirming continuity of management and governance appointments. The extremely low public participation (0.15% from retail/public) and absence of institutional investors suggest this remains a thinly-traded, promoter-dominated small-cap stock with limited float-driven price action.