Magnus Steel Board Approves MD Change, Committee Re-constitution

Magnus Steel and Infra Ltd announced outcomes from its Board Meeting held on July 8, 2026. Key decisions included the approval of Mr. Karronn Bajaj's designation change from Director to Managing Director, effective July 8, 2026, subject to member approval. The board also accepted the resignations of Mr. Chinmay Pradhan (Managing Director), Mr. Prakash Salve (Additional Executive Director), and Mrs. Aarti Singh (Non-Executive Independent Director), all effective July 8, 2026, citing personal and professional commitments. Additionally, the company announced the re-constitution of its Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee.