SAVANT INFOCOMM LTD.

Magnus Steel and Infra Ltd. has filed a revised outcome of the board meeting held on May 1, 2026, due to an inadvertent error where the Limited Review Report (LRR) was initially uploaded instead of the Auditor’s Report. The company has now submitted the correct Auditor’s Report for record and dissemination. The financial results approved by the board remain unchanged, with no alterations to any financial figures or disclosures previously submitted. The auditor's report confirms a true and fair view of the company's financial performance for the year ended March 31, 2026.

Magnus Steel and Infra Ltd has been empaneled as an approved steel supplier for Tata Motors' upcoming manufacturing facilities in Gujarat and Maharashtra. The company has commenced supplies through Tata Motors' project contractor, M/s. RIECO Industries Limited, and has received purchase orders aggregating ₹32.5 Crores. Orders executed in March-April 2026 totaled approximately 1,200 Metric Tonnes aggregating ₹8.50 Crores. Additional pipeline orders for FY 2026-27 are approximately ₹24 Crores. This engagement marks Magnus Steel's entry into the automotive OEM infrastructure supply chain and diversifies its revenue base.

Magnus Steel & Infra Ltd reported strong FY26 results, with revenue from operations growing approximately 7.1 times to ₹2,257.97 Lakhs. Net profit reached ₹450.55 Lakhs, a significant increase from ₹5.67 Lakhs in FY25. The company's net worth returned to positive territory, and EPS rose to ₹13.33. The Board of Directors approved these audited standalone financial results on May 1, 2026. The audit report, issued by M/s. Verma S & Associates, Chartered Accountants, contained an unmodified opinion. The company transitioned strategically from retail to the steel and infrastructure value chain.

Magnus Steel and Infra Ltd's Board of Directors, in a meeting held on May 1, 2026, approved the Audited Financial Statements (Standalone) for the year ended March 31, 2026. The Board also approved the Audited Financial Results (Standalone) for the quarter and year ended March 31, 2026, which were reviewed and recommended by the Audit Committee. The company declared that the Statutory Auditors, M/s. Verma S & Associates, issued an unmodified opinion on the Audited Standalone Financial Results for the year ended March 31, 2026. The extracts of these financial results will be published in newspapers.

Magnus Steel and Infra Ltd's Board of Directors met on May 1, 2026, to approve the Audited Financial Statements and Results (Standalone) for the quarter and year ended March 31, 2026. The results were reviewed and recommended by the Audit Committee. The company declared that its Statutory Auditors, M/s. Verma S & Associates, issued an unmodified opinion on the Audited Standalone Financial Results for the year ended March 31, 2026. Extracts of the financial results will be published in newspapers as per regulatory requirements. The board meeting commenced at 5:00 P.M. IST and concluded at 7:45 P.M. IST.

Magnus Steel And Infra Ltd has scheduled a Board of Directors meeting on May 1, 2026, to consider and approve the Standalone Audited Financial Results for the fourth quarter and year ended March 31, 2026. The meeting will be held via video conferencing. The trading window for the company's equity shares remains closed from April 1, 2026, until 48 hours after the declaration of the results.

Magnus Steel & Infra Limited has confirmed that it does not meet the criteria of a 'Large Corporate' as specified in Para 2.2 of SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144, dated November 26, 2018. This circular outlines requirements for fund-raising by issuing debt securities by 'Large Entities' and related compliances. By not being classified as a 'Large Corporate', the company is exempt from specific compliance obligations applicable to such entities under the aforementioned SEBI circular.

Magnus Steel and Infra Ltd has announced the appointment of Mr. Chinmay Pradhan as Managing Director, Mr. Prakash Salve as Executive Director, and Mrs. Krutika Shah as Additional Non-Executive Independent Director. The appointments are subject to the approval of the company's members. The board of directors made these decisions at their meeting held on March 28, 2026. The company also announced a change in the designation of Mr. Karronn Bajaj from Managing Director to Non-Executive Director.

Magnus Steel and Infra Limited has announced the appointment of Mr. Chinmay Pradhan as Managing Director, Mr. Prakash Salve as Additional Executive Director, and Mrs. Krutika Shah as Additional Non-Executive Independent Director. The appointments are subject to the approval of the company's members. The board of directors made these decisions based on the recommendation of the Nomination and Remuneration Committee. The company also announced a change in designation for Mr. Karronn Bajaj from Managing Director to Non-Executive Director.

Magnus Steel and Infra Ltd has announced the closure of the trading window for all designated/connected persons. The closure is in accordance with the company's 'Code of Conduct for Prohibition of Insider Trading' and the SEBI (Prohibition of Insider Trading) Regulations, 2015. The trading window will be closed from 1st April, 2026 till the end of 48 hours after the declaration of Audited Financial Results for the quarter and year ended on 31st March, 2026. The date of the Board Meeting for consideration and declaration of the Audited Financial Results will be intimated separately.