Please refer the attached intimation.
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▲ 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 Ltd (formerly Magnus Retail Ltd, BSE Scrip: 517320) held an Extraordinary General Meeting on February 10, 2026, via video conferencing, chaired by Mr. Karronn Naresh Bajaj. The meeting considered two special business items: (1) issuance of equity shares on a preferential basis to Non-Promoters for cash consideration, and (2) shifting of the registered office of the company. A total of 33 shareholders attended (2 from promoter group and 31 from public), and the requisite quorum was maintained throughout. Remote e-voting was held from February 6 to February 9, 2026, and the scrutinizer's report along with voting results will be declared within 2 working days. All directors and KMPs attended except Mrs. Priya Gupta (Independent Director), who was absent due to unavoidable circumstances.
The preferential equity issue to non-promoters points to a potential equity dilution for existing shareholders and possible entry of new strategic investors. The registered office shift may indicate operational or strategic restructuring. Watch for the voting results announcement within 2 working days for clarity on shareholder approval and any further details on the preferential allotment.