Magnus Steel Earns ₹1.11 Cr Commission on ₹60 Cr Transaction

Magnus Steel and Infra Ltd has announced earning commission and brokerage income of ₹1,11,69,000 (plus GST) for facilitating a purchase and sale transaction valued at ₹60,00,00,000. The services provided were management consulting and transaction facilitation. The total invoice value, including GST, amounts to ₹1,31,79,420. This income is recognized for the financial year 2026-27 and contributes to the company's diverse income streams, validating its expanding role in transaction facilitation beyond its core steel and infrastructure business. The counterparty is M/s Shun Shing India Pvt. Ltd., and the transaction is not with a related party. Payment terms are immediate.