Change in Management

JSP] MAHAMA@YA sTEEL INDUSTRIES LIMITED 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, aN p- E-mail : marketing@mahamayagroup.in Raipur-493 221 Chhattisgarh MS) Website : www.mahamayagroup.in Ref; MSIL/2026-27/ Date: 31.08.2026 The Secretary, Listing Department The Manager BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5" Floor, Plot No. C/I Dalal Street, G Block, Bandra-Kurla Complex, Bandra (E) Mumbai — 400 001 Mumbai — 400 001 Maharashtra, India Maharashtra, India Scrip Code: 513554 Symbol: MAHASTEEL Sub: - Outcome of the Board Meeting held on 31* August, 2026. Dear Sir/Madam, Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, the Board at its meeting held today from 11:00 AM to 11:45 AM has inter-alia approved: 1. Based on Audit Committee recommendation, recommended appointment of M/s. Chopra A J & Associates (FRN: 021905C) as Statutory Auditors for 5 years for first term from conclusion of 38" AGM to conclusion of 43° AGM, in place of retiring auditors M/s. K PR K & Associates. 2. Based on NRC recommendation, recommended re-appointment of Ms. Vanitha Rangaiah (DIN: 09211334) as Independent Director for second term from 28.06.2026 to 27.06.2031. 3. Based on Audit Coniniittos approval, approvedi ncrease in Borrowing Limits u/s 180( 1\(c) upto Rs. 900 Crores and creation of Mortgage/Charge u/s 180(1)(a), subject to shareholders approval by Special Resolution. 4. Based on Audit Committee approval, approved increase in limits for Loans/Guarantee/Investment u/s 186 upto Rs. 900 Crores and Loan/Guarantee/Security u/s 185 upto Rs. 300 Crores to group entities, subject to shareholders approval. Based on Audit Committee approval, approved Material RPTs u/s 188 & Reg 23 of LODR, subject to shareholders approval for (a) sale/purchase of goods & services and (b) acceptance of loans from Promoters for Solar Project, 5. Approved the Notice of 38" Annual General Meeting (“AGM”) of the Company, Directors’ Report (Board Report) and its annexures and Management Discussion and Analysis-Report (MDAR) and other related documents forming the part of Annual Report for Financial Year 2025-26\"° “Seis APPROVED SUPPLIER OF : BSP, BHEL, DGS&D, DMRt SAlt'_ pit, NTPC, SEBs, RDSO, CORE, ONGC, GAIL, EIL MANUFACTURERS : JOIST, CHANNEL, ANGEL, FLAT, ROUND, CROSSING SLEEPER BAR, BLOOM, BILLET etc. 6. The 38" Annual General Meeting of the Members of the Company to be held on Friday, 25" September, 2026 through Video conferencing (“VC”)/Other Audio Visual Means (“VC/OAVM’) facility in accordance with the relevant circulars issued by the Ministry of Corporate Affairs (“MCA”) to transact the business as contained in the notice convening the AGM. The Remote evoting period will commence from Tuesday, 22" September, 2026 at 09.00 A.M. to Thursday, 24" September, 2026 at 05.00 P.M. and 18" September, 2026 will be the cut-off date for deciding eligibility of members for remote e-voting and voting during the Annual General Meeting. 7. Approved the closure of Register of Members and Share Transfer Books which shall remain closed from 19" September, 2026 to 25" September, 2026 (both days inclusive) for the purpose of Annual General Meeting. The requisite disclosure as required under the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 is enclosed as “Annexure I.” with regards to item no. 1 and 2. The meeting of the Board of Directors commenced at 11.00 am and concluded at 11:45 am Kindly take the same on record. Thanking You, Yours truly, Jaswinder Kaur Mission Company Secretary & Compli M.No. FCS 7489 Annexure I The details required under Regulation 30 of Listing Regulations read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 for Change in directors, key managerial personnel (Managing Director, Chief Executive Officer, Chief Financial Officer, Company Secretary etc.), Auditor and Compliance Officer are as under: Name M/s. Chopra A J & Associates, Chartered | Ms. Vanitha Rangaiah (DIN: Accountants, Raipur (Firm Registration 09211334) No. 021905C) Reason for Change viz. Appointment - Expiry of term of existing Re-appointment as Independent Director appointment, reappointment, Statutory Auditors M/s. K PR K & for second term resignation, removal, death or Associates, Chartered Accountants (Firm otherwise Registration No. 103051W) who are completing their 2nd term of 5 years at the conclusion of 38th AGM Date of appointment/ Recommended by Board on 31.08.2026, to Recommended by Board on 26.06.2026 /reappointment/ be appointed for 5 years from conclusion for Second term of 5 consecutive years cessation of 38th AGM till conclusion of 43rd AGM, from 28.06.2026 to 27.06.2031, subject to (as applicable) & subject to shareholders approval at 38th approval by Special Resolution at 38th term of AGM AGM. appointment/reappointment; Brief Profile (in case of | CA firm based at Raipur, established in| She has over 20 years of experience in appointment) 2016. Peer Reviewed firm. 9 years of | Accounts and Finance. experience in Statutory Audit, Tax Audit, | Meets criteria of independence under Sec GST Audit, Bank Audits. 149(6) and Reg 16(1)(b) Disclosure of relationships | Not Applicable | Not related to any Director, KMP or between directors (in case of Promoter of the Company appointment of a director). Affirmation that the Director is Not Applicable She is not debarred from holding the office not debarred from fhe holding of director by virtue of any SEBI order or office of the Director by virtue of any other such authority. any SEBI order or authority