Magnus Steel and Infra Ltd Recognizes Revenue from Brokerage Services in Transaction Facilitation
Magnus Steel and Infra Limited has booked commission income following the facilitation of a purchase and sale transaction for assets, demonstrating expansion into management consulting and specialized services. The company earned significant brokerage charges by rendering transaction facilitation services to M/s Shun Shing India Pvt. Ltd.The revenue stream relates to the brokering and commission services provided in relation to an underlying transaction valued at Rs. 60,00,00,000/- (Rupees Sixty Crore Only). The transaction was facilitated for the purchase and sale of assets between Magnus Steel and Infra Limited and M/s Shun Shing India Pvt. Ltd., located in Mumbai.
The service rendered—Brokerage & Commission Services for Purchase and Sale Transaction Facilitation—resulted in a total invoice value of Rs. 1,31,79,420/- (Rupees One Crore Thirty One Lakh Seventy Nine Thousand Four Hundred Twenty Only), issued on June 17, 2026.
Key details regarding the commission income and underlying transaction are presented below:
| Particulars | Details |
|---|---|
| Nature of Service | Brokerage & Commission Services for Purchase and Sale Transaction Facilitation |
| Value of Underlying Transaction | Rs. 60,00,00,000/- (Rupees Sixty Crore Only) |
| Commission / Brokerage Earned (Taxable Value) | Rs. 1,11,69,000/- (Rupees One Crore Eleven Lakh Sixty Nine Thousand Only) |
| Total Invoice Value (including GST) | Rs. 1,31,79,420/- |
The income represents a significant addition to the company's diverse revenue streams, validating Magnus Steel and Infra Limited's expanding role in transaction facilitation and management consulting services beyond its core steel and infrastructure business. The commission income is expected to contribute to the operations revenue of the Company for the financial year 2026-27.
The service was rendered on June 17, 2026, and the company confirmed that the counterparty, M/s Shun Shing India Pvt. Ltd., is not a related party. The management noted that this income stream, while not material in absolute terms relative to the Company's total revenue, represents a positive diversification step for the organization.
Stock Price Movement
As of 14:52, Magnus Steel and Infra Ltd is ticking up in the market, reaching a current price of ₹83.55, marking a gain of 4.90%. Shares have seen movement within an intraday range, bouncing between a low of ₹83.55 and a high of ₹83.60.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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