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JS]'] MAHA@MAYA sTEEL INDUSTRIES LIMITED Be CIN : L27107CT1988PLC004607 IS 2062:2011 ISO 9001:2015 REGD. OFFICE & WORKS : Phone : 0771 4910058 B/8-9, Sector-C, Sarora, 091099 88271 Urla Industrial Complex, N pe E-mail : marketing@mahamayagroup.in Raipur-493 221 Chhattisgarh MS) Website : www.mahamayagroup.in Ref: MSIL/2026-27/ Date: 24.08.2026 The General Manager, The Manager Department of Corporate Services Listing Department, BSE Limited, National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra-Kurla Complex,Bandra (E) Mumbai — 400 001 Mumbai — 400 051 Scrip Code: 513554 Symbol: MAHASTEEL Sub: Newspaper Advertisement — Pre-dispatch AGM Notice Dear Sir / Madam, Pursuant to Regulation 30 read with Schedule III Part A Para A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose copies of newspaper advertisement published in in Business Standard All Edition & Amrit Sandesh Raipur, relating to the 38 Annual General Meeting of the Company that will be held on Frday, 25" September, 2026 at 12.00 noon through Video Conferencing (VC)/Other Audio Visual Means (OA VM). Kindly take the above on your records. Thanking You, Yours truly, M.No. F7489 Encl: as above APPROVED SUPPLIER OF : BSP, BHEL, DGS&D, DMRG, SAIL, RIL, NTPC, SEBs, RDSO, CORE, ONGC, GAIL, EIL MANUFACTURERS : JOIST, CHANNEL, ANGEL, FLAT, ROUND, CROSSING SLEEPER BAR, BLOOM, BILLET etc. ECONOMY & PUBLIC AFFAIRS 15 Business Standard kotxata | MONDAY, 24 AUGUST 2026 How Bengaluru transformedf rom ments dotted across micro markets. Witha young working population, eating out in the restaurants — whose culinary spans across continents — has become the city’s main source of leisure and entertainment. pensionersp aradise to India’s IT capital Growth comes ata cost The challenge, however, is that transport and civic infrastructure struggled to keep pace with the huge increase in population and its decentralised, often unplanned, &XSyears of galuru in the past 50 years. PHOTO: AJITH KUMAR FROM BENGALURU, INDIA, CC BY 2.0/WIKIMEDIA COMMONS growth. Experts and urban planners say in Despite these problems, people from the next phase Bengaluru must strengthen iberalisatizen across the country flock down to the south- these multiple centres rather than forcing ern city because jobs are in galore. Benga- everyone to travelacross the city. luru, now known asthe Silicon Valley and While the startup hubs of Indiranagar, the startup capital, is home to thousands of Koramangala and HSR Layout look for the global technology companies. With a thriv- next innovative breakthrough in the ing ecosystem of private engineering col- world of technology, the city has become leges across the state, the collaboration better known for its notorious traffic between the industry and academia has snarls — caused by narrow roads, limited always been an advantage. public transport and mushrooming pri- The city has always been the growth vate vehicles. Unlike Delhi and Mumbai, AVIK DAS engine forthe state. Bengaluru urban dis- cities like Bengaluru that have witnessed Bengaluru, 23 August trict contributed [11,73,574 crore, account- rapid urbanisation relatively recently — ing for 40.4 per cent ofthe gross state since the mid-90s — anestablished and Asleepy little town at the south-eastern domestic product (GDP) in 2024-25, up well-oiled public transport system edge of Karnataka, known before the turn from 39.1 per cent, a year earlier, according remains a distant dream. of the century as a Pensioner’s Paradise, tothestate’s Economic Survey. A substan- Tara Krishnaswamy, senior consul- Bengaluru has rapidly transformed into tial part ofit is driven by IT services tant, outreach and partnerships at Indian the information technology (IT) capital exports, which contribute almost 70 per School of Democracy, told Business Stan- of the country since the economic cent, followed by industries and agricul- dard recently that Bengalurw’s lack of liberalisation of 1991. ture. The city’s per capita income now public transport culture is down to its Inthe past 35 years, few cities have stands at €8,55.960, significantly higher unique economic demographics. attracted as much attention, mass migra- than thestate average of €3,86,156 and the “Bengaluru’s growth always remained tion for jobs, criticism over crumbling national average of €2,08,090. ahead of its infrastructure needs. Accord- infrastructure, and yet a yearning to make This transformation is also visible in ingly, for decades it has gottena ithome. From 6.5 million according to the the state’s changing development profile. deservedly bad rap for its traffic jams, pot- Census of 2001, Bengaluru’s population According tothe Karataka Gazetteer of holed roads, terrible pavements and so shot up to 9.6 million. Though official 1994, the ‘real estate and business ser- Bengaluru now hosts some of the biggest technology and R&D centres of major firms like Microsoft, Walmart, and Goldman on. Some of it is just bad planning. The Census figures are not available since vices’ subsector accounted for just 5 per Sachs. The city is home to almost 50% of GCCs in India, employing about 600,000 international airport took us about 10 then, estimates suggest the current popu- cent ofthe gross state domestic product in years to complete. Why could the govern- lation of the city might be over 12 million. 1990-91. By 2025-26, it had grown to 41 per its first research and development (R&D) of 60 per cent plus per annum. Commercial Street, Trinity Circle. ment not have built a metro connection Bengaluru had all the ingredients to cent of GSDP, with the subset ‘computer- centre in Bengaluruin 1985 — laying the “Though it began as mainframe sup- The IT boom shifted the centre of grav- from the word go?” asks Soota. make it abig draw — cool weather with related services’ alone accounting for 32 foundation for a journey that would help port, we were soon able to show that we ity eastward and south-eastward — intermittent rain round the year, tree- per cent, per the state’s Economic Survey. connect India’s engineering talent with could also handle client server solutions, towards Electronics City, Whitefield, Atale of missing ownership lined boulevards, bustling pubs and bars Naresh Narasimhan, managing partner global innovation — mass migration product development and, as the internet Outer Ring Road and Sarjapur. Employ- With such ahumongous change since the in the central business district, and a low and principal architect of Venkataraman started only in the mid-1990s. evolved, projects which required quick mentis no longer concentrated in one start of the century, the city is virtually cost of living compared with the metros of Associates, says Bengaluru already pos- Infosys’ NR Narayana Murthy and turnaround times,” he explains. A central business district. Bengaluru unrecognisable from what it was, much that time. Indeed, old-timers vouch for sessed the ingredients that many other Wipro’s Azim Premji slowly started measure ofits success, albeit negative, was evolved into a polycentric city with to the dismay of older residents. not having ceiling fans in their homes. Indian cities did not — astrong public becoming household names as their firms when in the mid-2000s it briefly became a multiple economic hubs with residential Bijoor sums it up succinctly. He says “Bengaluru is the classic story of a cat- sector and scientific ecosystem built started employing thousands of engineer- cautionary colloquial verb in some west- growth following employment. that while previously waves of migrants erpillar turning into a butterfly,” says around institutions like the IISc, Hindus- ing graduates and gave rise to the white ern countries, “Bangalored”, which meant Asthe city rapidly grew outward, the came to Bengaluru to settle down, it Harish Bijoor, a veteran brand and busi- tan Aeronautics, B [Showing first 8,000 characters — download PDF for full document]