Magnus Steel Sees Management Reshuffle and MD Change

Magnus Steel and Infra Ltd announced significant management changes following a Board of Directors meeting on July 8, 2026. Mr. Chinmay Pradhan resigned as Managing Director, and Mr. Prakash Salve resigned as Additional Executive Director, both citing personal and professional commitments. Mrs. Aarti Singh also resigned as Non-Executive Independent Director. Concurrently, Mr. Karronn Bajaj's designation changed from Director to Managing Director, subject to member approval. The company also reconstituted its Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee.