Shareholders meeting

Date: 22nd June 2026 1. National Stock Exchange of India Limited 2. 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/Ma’am, Sub: Notice of the Extra Ordinary General Meeting (EGM) In furtherance to our disclosure dated June 19, 2026 and pursuant to Regulation 30 read with Schedule III Part A Para A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Notice convening the Extraordinary General Meeting ("EGM") of the Company scheduled to be held on Tuesday, July 14, 2026 at 03.00 p.m. (IST) through Video Conference ("VC';)/ Other Audio-Visual means ("OAVM") to transact the special business as set out in the Notice of EGM dated June 19, 2026. In compliance with the relevant circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India, the Notice of EGM has been sent through email today i.e. June 22, 2026, to all the members of the Company whose email addresses are registered with Depository Participant(s) or Registrar and Share Transfer Agent of the Company. The Company has provided the facility to vote by electronic means (remote e-voting as well as e-voting at the EGM) on the resolution as set out in the EGM Notice. The e-voting shall commence on Saturday, July 11, 2026, at 09:00 a.m. and will end on Monday, July 13, 2026 at 05:00 p.m. The Notice of the EGM is also made available on the website of the Company at www.mspsteel.com. This is for your information and record. Thanking You. Yours faithfully, For MSP STEEL & POWER LTD Shreya Kar Company Secretary & Compliance Officer Encl.: As above MSP STEEL & POWER LIMITED CIN: L27109WB1968PLC027399 Registered Office: South City Business Park, 10th Floor, 770, Anandapur, EM Bypass, Kolkata – 700107 (WB) Website: www.mspsteel.com Email Id: contact.us@mspsteel.com Phone No.: 033-4005 7777 Fax: 033-4005 7700 NOTICE Notice is hereby given that the Extra-Ordinary General Meeting (“EGM”) of MSP STEEL & POWER LIMITED will be held on Tuesday 14th day of July, 2026 at 3:00 p.m. (IST) through Video Conferencing (“VC”)/ Other Audio-Visual Means (“OAVM”) to transact the following business: Item No.1 SPECIAL BUSINESS: Item No. 1: Variation in the Objects relating to utilisation of funds from Preferential Issue. To consider and if thought fit, to pass with or without modification(s) the following Resolution as a SPECIAL RESOLUTION: “RESOLVED that pursuant to the applicable provisions of the Companies Act, 2013 (“Act”), the rules made thereunder, Regulation 30, Regulation 32 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the applicable provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 and all other applicable rules, regulations, circulars, guidelines and statutory provisions, including any statutory modification or re-enactment thereof for the time being in force, and subject to such approvals, permissions and consents as may be required, the approval of the members of the Company be and is hereby accorded for variation in the objects relating to utilisation of the unutilised / balance proceeds received or receivable upon exercise of convertible warrants issued by the Company on preferential basis to M.A. Hire Purchase Private Limited, being a promoter group entity, pursuant to the special resolution passed by the members at the Extra-Ordinary General Meeting held on 12December, 2025, read with the explanatory statement and corrigendum issued in relation thereto, in the manner as provided below: Original Objects and Utilisation Status (Amount in INR Crore) Sr. Objects for Preferential Issue Original Tentative timeline Amount Balance proposed for No. Plan for utilisation of Utilized variation issue proceeds 1 Unsecured Debt Repayment - 75.00 Within 12 months 1.50 73.50 Repayment or pre-payment in from receipt of funds full or part, of certain identified for the Warrants unsecured loans availed by the Company 2 Payment in accordance with 18.50 Within 12 months 18.50 Nil Restructuring Scheme of the from receipt of funds Company – with payment of for the Warrants Right to Recompense (ROR) the company will be eligible to exit from the restructuring framework# 3 General Corporate Purpose- 4.50 Within 18 months 4.50 Nil Modernisation and from receipt of funds maintenance of plant and for the Warrants machinery, including purchase, refurbishment, replacement, repairs and maintenance of plant & machinery to ensure 1 | Page MSP STEEL & POWER LIMITED CIN: L27109WB1968PLC027399 Registered Office: South City Business Park, 10th Floor, 770, Anandapur, EM Bypass, Kolkata – 700107 (WB) Website: www.mspsteel.com Email Id: contact.us@mspsteel.com Phone No.: 033-4005 7777 Fax: 033-4005 7700 smooth and uninterrupted manufacturing operations. Total balance proposed for variation: INR 73.50 crore Note : The Company allotted 2,80,00,000 convertible warrants on preferential basis to M.A. Hire Purchase Private Limited, being a promoter group entity, on 14 March 2026, upon receipt of 25% of the issue price. The balance 75% of the issue price is receivable upon exercise of the Warrants in accordance with the terms of issue and applicable law. Proposed Revised Object (Amount in INR crore) Sr. Revised object Amount proposed to be utilised 1. Funding working capital requirements of the Company 73.50 Total 73.50 FURTHER RESOLVED THAT approval of the members be and is hereby accorded for utilisation of an amount not exceeding INR 73.50 crore, being the unutilised / balance proceeds received or receivable upon exercise of the Warrants, towards funding working capital requirements of the Company, provided that such utilisation shall be made only after receipt of the relevant warrant proceeds and in accordance with applicable law. FURTHER RESOLVED THAT the Board of Directors of the Company be and is hereby authorised to make necessary disclosures to the stock exchanges, including disclosures under Regulation 30 and Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and to take all necessary steps for reporting and implementing the aforesaid variation in accordance with applicable law. FURTHER RESOLVED THAT for the purpose of giving effect to this resolution, the Board of Directors be and is hereby authorised on behalf of the Company to do all such acts, deeds, matters and things, as it may, in its absolute discretion, deem necessary or desirable or expedient, including filing of necessary forms, returns, documents and disclosures with the Registrar of Companies, stock exchanges, depositories and other authorities, as may be required under applicable law. FURTHER RESOLVED THAT the Board of Directors be and hereby authorised to delegate all or any of the powers conferred on it by or under this resolution to any committee of directors, director, key managerial personnel, or officer(s) of the Company as it may consider appropriate in order to give effect to this resolution. FURTHER RESOLVED THAT any Director or Company Secretary of the Company be and are hereby severally authorised to take such steps and do all acts, deeds, matters and things as may be considered necessary, proper and expedient to give effect to this resolution.” Kolkata By order of the Board of Directors 19 June, 2026 MSP Steel & Power Limited Reg Office: Southcity Business Park Shreya Kar 10th Floor, Anandapur Road Company Secretary Kolkata 700107 Membership No.-41041 2 | Page MSP STEEL & POWER LIMITED CIN: L27109WB1968PLC027399 Registered Office: South City Business Park, 10th Floor, 770, Anandapur, EM Bypass, Kolkata – 700107 (WB) Website: www.mspsteel.com Email Id: contact.us@mspsteel.co [Showing first 8,000 characters — download PDF for full document]