The Shareholders of the Company in its meeting duly held on 26th September, 2026 have approved the change in management including the appointment of M/s. Sanjeev Sharma and Associates, Chartered Accountants as Statutory Auditors of the Company, Re-Appointment of Mr. Krishan Kumar Goyal as Chairman and Managing Director, Re-appointment of Prof. Anupama Sharma as Independent Director and Mr. Surinder Kumar as Independent Director of the Company.

Ref: MSL/SECT/BSE Date: 26th September, 2026 M/s. BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai-400001 Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR"), read with Para A of Part A of Schedule III thereto, we hereby inform that the Shareholders of the Company at the 52nd Annual General Meeting ("AGM") held today i.e. Saturday, 26th September, 2026, have approved the following resolution- 1. Appointment of M/s. Sanjeev Sharma & Associates, Chartered Accountants (Firm Registration No. 12326N) as the Statutory Auditors of the Company for a term of one year. 2. Re-appointment of Mr. Krishan Kumar Goyal (DIN: 00482035) as Chairman & Managing Director of the Company for a period of Five Years. 3. Appointment of Dr. Surinder Kumar (DIN: 11032078) as a Non-Executive Independent Director of the Company for a period of Five Years. 4. Re-appointment Prof. Anupama Sharma (DIN: 10306038) as a Non-Executive Independent Director for a second term for a period of Five Years. The details as required under the SEBI Mater Circular on SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015 dated January 30, 2026 are enclosed as Annexure A. Thanking you Yours truly, For Modern Steels Limited Company Secretary & Compliance Officer Annexure A 1. Appointment of M/s. Sanjeev Sharma & Associates, Chartered Accountants (Firm Registration No. 12326N) as the Statutory Auditors of the Company Sr Particulars Details 1. Reason for change viz. Appointment of M/s. Sanjeev Sharma & appointment, re- Associates, Chartered Accountants (Firm appointment, resignation, Registration No. 12326N) as the Statutory Auditors removal, death or of the Company for a term of one year to hold otherwise office from the conclusion of this Annual General Meeting till the conclusion of the Annual General Meeting to be held in the year 2027. 2. Date of appointment/ 26th September, 2026. re-appointment/cessation (as applicable) & term Term of Appointment: One year of appointment/re- appointment; 3. Brief profile (in case of M/s. Sanjeev Sharma & Associates, Chartered appointment); Accountants (Firm Registration No. 12326N), was established in 1993 and is registered with the ICAI, C&AG, and RBI. With over the years of professional experience, the firm specializes in statutory, concurrent, revenue, stock, and internal audits, along with GST consultancy, income tax advisory, accounting, and company law compliance services. The firm has successfully served prominent public sector banks, government organizations, and corporate entities, including State Bank of India, Punjab National Bank, UCO Bank, Punjab & Sind Bank, Union Bank of India, Central Bank of India, Canara Bank, India Optel Limited, Haryana Tourism Corporation Limited, HSSIDC, NIELIT, CITCO, and Haryana State Warehousing Corporation. 4. Disclosure of NA relationships between directors (in case of appointment of a director). 2. Re-appointment of Mr. Krishan Kumar Goyal (DIN: 00482035) as Chairman & Managing Director of the Company for a period of Five Years Sr Particulars Details 1. Reason for change viz. Re-appointment of Mr. Krishan Kumar Goyal appointment, re-appointment, as Chairman and Managing Director of the resignation, removal, death Company. or otherwise 2. Date of appointment/ re- 26th September, 2026 appointment/cessation (as applicable) & Term of appointment/re- Term of Appointment: Five years appointment; 3. Brief profile (in case of Mr. Krishan Kumar Goyal is energetic and appointment); dynamic person. He has a vast experience in the Steel business and is well versed with the modern management practices. He has served many positions in the Confederation of Indian Industry (CII) including Chairman, CII Chandigarh Council (NR) from 2003- 2006. He has also served as member of Board of Governors, Punjab Engineering College, Chandigarh. 4. Disclosure of relationships NA between directors (in case of appointment of a director). 3. Appointment of Dr. Surinder Kumar (DIN: 11032078) as a Non-Executive Independent Director of the Company for a period of Five Years Sr Particulars Details 1. Reason for change viz. Appointment of Dr. Surinder Kumar (DIN: appointment, re- 11032078) as an Non-Executive-Independent appointment, resignation, Director of the Company for the first term of Five removal, death or otherwise consecutive years. 2. Date of appointment/re- 11th August, 2026 appointment/cessation (as applicable) & Term of appointment/re- Term of Appointment: Five Years appointment; 3. Brief profile (in case of Dr. Surinder Kumar aged 62 years is M.Sc. (Dairy appointment); Tech), Ph.D. (Dairy Technology) from NDRI Karnal and Lead Auditor, FSMS, ISO 22000. He has more than 35 years of experience in dairy development sector in the country in various capacities. He has more than 5 years of experience as Assistant Commissioner (Dairy Development) in Dept. of Animal Husbandry, Dairying & Fisheries, Min. of Agriculture, Govt. of India, Delhi. He is well versed in the Corporate Governance. He has more than one year of experience serving as an Independent Director on the Board of Directors of a company listed on the BSE. 4. Disclosure of relationships NA between directors (in case of appointment of a director). 4. Re-appointment Prof. Anupama Sharma (DIN: 10306038) as a Non- Executive Independent Director for a Second term for a period of Five Years Sr Particulars Details 1. Reason for change Re-appointment of Prof. Anupama Sharma as Non- viz. appointment, re- Executive Independent Woman Director of the appointment, Company for the second her term of five consecutive resignation, removal, years. death or otherwise 2. Date of 26th September, 2026 appointment/re- appointment/cessation (as applicable) & Term of re-appointment: Five years. term of appointment/re- appointment; 3. Brief profile (in case of Prof. Anupama Sharma, Vice Chancellor, Madan appointment); Mohan Malaviya University of Technology, Gorakhpur and Former Chairperson, Dr. SSB University Institute of Chemical Engg. & Tech., Panjab University, Chandigarh. She was also Director, Energy Research Centre, Panjab University. She is among 2% top scientists in the World by Stanford Elsevier. She has more than 30 years of Teaching and Research experience. She has Delivered Keynote / Invited Lectures at more than 40 National/International Conferences/ Seminars and also Guided 17 doctoral candidates and currently 8 in progress. Also supervised more than 60 M.Tech./M.Sc. scholars. She has Published Two Books by International Publishers (By McGraw Hill and Pearson Education) and More than 120 research papers in high impact, SCOPUS/Web of Science Indexed International Journals. 4. Disclosure of NA relationships between directors (in case of appointment of a director).