Proceedings of the 57th Annual General Meeting of the Company held today, i.e. 30th September, 2026 is attached herewith.

Date: 30-09-2026 To, To, The Manager, The Manager, National Stock Exchange of India Limited BSE Limited “Exchange Plaza”, C-1, Block-G Phirozee Jeejeebhoy Towers Bandra- Kurla Complex, Bandra (E) Dalal Street Mumbai- 400 051 Mumbai – 400 001 Company Symbol: MSPL Scrip Code No.: 532650 Dear Sir/Madam, Sub: Proceedings of 57th Annual General Meeting of the Company held on 30th September 2026 Pursuant to Regulation 30(6) read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, we wish to inform you that the 57th Annual General Meeting ('AGM’) of the Company was held today i.e. Wednesday, September 30, 2026, at 3:00 p.m. (IST) through electronic mode (video conferencing (‘VC’) and other audio-visual means (‘OAVM’) without the physical presence of its Members at a common venue, to transact the business as stated in the AGM Notice dated September 02, 2026 (‘Notice’). All the items of business contained in the Notice were transacted and passed by the Members with the requisite majority. The Company also facilitated the live webcast of the proceedings, and the transcript is being made available on the website of the Company at www.mspsteel.com. The details as required under Regulation 30 read with Part A Para (A)(13) of Schedule III of the Listing Regulations and the proceedings of the AGM, are enclosed as Annexure-A. The Company provided remote e-voting facility to its members to vote on the resolutions proposed to be considered at the AGM, which was available from Sunday, 27th September 2026 (9:00 A.M. IST) to Tuesday, 29th September 2026 (5:00 P.M. IST). Additionally, the Company facilitated e-voting during the AGM and 15 minutes after the AGM for shareholders who attended through VC/ OAVM and had not cast their votes earlier. The Consolidated Scrutinizer's Report along with the details of the voting results, as required under Regulation 44(3) of the Listing Regulations, will be submitted separately in due course. The aforesaid summary of the proceedings of AGM is uploaded on the Company’s website at www.mspsteel.com. The same may please be taken on record and suitably disseminated to all concerned. This is for your information and record. Thank you. Yours faithfully, For MSP STEEL & POWER LIMITED Shreya Kar Company Secretary & Compliance Officer Annexure-A SUMMARY OF THE PROCEEDINGS OF 57TH ANNUAL GENERAL MEETING OF THE COMPANY FOR THE FINANCIAL YEAR 2025-2026 The 57th Annual General Meeting (“AGM”) of MSP Steel & Power Ltd (“the Company”) was held on Wednesday, September 30, 2026, at 03:00 p.m. (IST), through Video Conferencing/Other Audio-Visual Means (“VC/OAVM”) facility, in compliance with the General Circulars issued by the Ministry of Corporate Affairs (“MCA”) and Circulars issued by the Securities Exchange and Board of India (“the SEBI”) and as per the applicable provisions of the Companies Act, 2013, and the Rules made thereunder. The deemed venue of the AGM was the Registered Office of the Company, i.e., South City Business Park, 10th Floor, 770, Anandapur, EM Bypass, Kolkata – 700107 The following Directors were present: Sr. Name Attended through No. VC/OAVM from: 1. Mr. Saket Agrawal – Managing Director of the Company Kolkata 2. Mr. Suresh Kumar Agrawal – Chairman of the Company Kolkata 3. Mr. Pradip Kumar Dey - Non- Executive Director of the Company Kolkata 4. Ms. Suneeta Mohanty - Independent Director of the Company Cuttack 5. Mr. Anubhav Goenka - Independent Director of the Company Kolkata 6. Mr. Pramode Kumar Pandey - Independent Director of the Company Cuttack 7. Mr. Pranab Kumar Chakrabarty - Independent Director of the Company Kolkata In attendance Sr. Name Attended through No. VC/OAVM from: 1. Mr. Kamal Kumar Jain – Chief Financial Officer of the Company Kolkata 2. Ms. Shreya Kar – Company Secretary & Compliance Officer of the Kolkata Company 3. Authorised Representative of M/s. Singhi & Co., Chartered Accountants, Kolkata Statutory Auditors of the Company 4. Authorised Representative of M/s. Bajaj Todi & Associates, the Kolkata Secretarial Auditor of the Company 5. Authorised Representative of SK Agrawal and Co, Chartered Accountants Kolkata LLP, the Internal Auditor of the Company Quorum A total of 69 members attended the meeting. Chairman of the Meeting Mr. Saket Agrawal – Managing Director & Executive Director of the Company Proceedings Mr. Suresh Kumar Agrawal, Chairman & Non-executive Director of the Company, welcomed the members to the 57th AGM of the Company. He spoke briefly about the operational efficiency, cost control and financial discipline adopted by the Company and also shared details about Company’s plan to expand its manufacturing capacity with an investment of Rs. 500 crores. He briefed the shareholders of the initiation of process of merger with MSP Sponge Iron Ltd. He then spoke about the CSR activities adopted by the Company in the financial year 2025-26. After a token of thanks to all the stakeholders, he placed the proposal to elect Mr. Saket Agrawal to Chair the Meeting. Mr. Saket Agrawal, the Managing Director, chaired the meeting with the consent of the Board by a show of hands and welcomed the members to the 57th AGM of the Company. He introduced the other Directors and the authorized representatives of the Statutory and Secretarial Auditor of the Company and informed the members that Mr. Manish Agrawal – Joint Managing Director of the Company sought leave of absence from this Meeting. The requisite quorum being present as per statutory requirements, he called the meeting to order. He gave an overview of the year for the Company from a business perspective, giving details of the vision 2030, the Company moving towards higher-value-added products and stronger market-facing brands, Company’s agreement to procure approximately 10 MWp of solar power for captive consumption and also spoke about the consolidation of Manufacturing business of MSP Sponge Iron Limited with MSP Steel & Power Limited. He also spoke about the Company’s successful exit from the Corporate Debt Restructuring framework following the settlement of the Right of Recompense with our lending banks. He then passed on the baton Chief Financial Officer, Mr. Kamal Kumar Jain. The Chief Financial Officer of the Company - Mr. Kamal Kumar Jain, informed that the Company had profit this year despite being loss for last year. He also spoke about the successful exit of the Company from Corporate Debt Restructuring and final settlement of RoR and also mentioned that there were no observations, qualifications, or adverse remarks in the Statutory Auditor’s Report on the financials of the Company or by the Secretarial Auditor in the Secretarial Audit Report for the financial year 2025-26 and hence, the same were taken as read. He went on to state that CARE ratings upgraded the Company’s long-term bank facilities from CARE BBB to CARE BBB+ with a Stable outlook and that the short-term bank facilities were also upgraded from CARE A3+ to CARE A2, reflecting an improved credit profile. Looking forward, he mentioned that the Company has started this Financial year with a profit of Rs. 22 crores reported in the first quarter. Mrs. Shreya Kar, Company Secretary & Compliance Officer of the Company, then proceeded to provide general instructions to the members regarding participation in this meeting. With due permission, she took the Notice convening the 57th AGM to be read. She proceeded to read out the Agenda to the Notice of the AGM, briefing the shareholders about the resolutions, both special and ordinary, to be transacted at the Meeting. She subsequently declared the floor open for the Question-and-Answer session, also giving directions for the process of the session. Thereafter, speakers expressed their feedback, queries and suggestions. The Managing Director responded to the queries and provided necessary clarifications to the same. The following items were transacted at the AGM: SL. Particul [Showing first 8,000 characters — download PDF for full document]