Record date for rights issue entitlements fixed as Tuesday, October 27, 2026
Magnus Steel and Infra Ltd has fixed Tuesday, October 27, 2026 as the record date for its rights issue.
By ScoutQuest · · 2 min read
- Record Date
- Tuesday, October 27, 2026
- Board Meeting Date
- October 21, 2026
- Scrip Code
- 517320
What the update says
Magnus Steel and Infra Ltd, formerly known as Magnus Retail Ltd, has written to the Bombay Stock Exchange about its rights issue. The Board of Directors, at a meeting held on October 21, 2026, fixed Tuesday, October 27, 2026 as the record date.
What the record date decides
- The record date is the cut-off day the company uses to work out who counts as a shareholder for a specific purpose.
- Here the purpose is determining the equity shareholders who shall be entitled to receive the Rights Entitlement in the rights issue.
- Only shareholders on the register on October 27, 2026 fall in that eligible group.
How the entitlements are to be credited
The company states it has made the necessary arrangement with NSDL and CDSL for credits of the Rights Entitlements in dematerialised form to the demat accounts of eligible equity shareholders as on the record date. The Rights Entitlement of eligible shareholders as on the record date is to be credited prior to the issue opening date, into their respective demat accounts.
What this means in simple terms
- A rights issue gives existing shareholders a first right to apply for new shares of the company.
- The Rights Entitlement is the record of that right, and here it is being given in demat form rather than on paper.
- Getting the entitlement credited is the step that makes a shareholder eligible to take part; it is not the same as the shares themselves being allotted.
What a shareholder can take away
- The key date to note is October 27, 2026, since eligibility is judged on holdings as on that date.
- The credit is routed to the demat account, so the entitlement will appear there rather than arrive as a physical document.
- The credit is to happen before the issue opens, which is the window in which eligible holders act on the entitlement.
Also from Magnus Steel and Infra
Rights issue terms fixed: 59 shares for every 5 held, issue price Rs.10.00 per share
21 Oct 2026
Rights issue terms approved: 59 shares for every 5 held, issue price Rs. 10 per share
21 Oct 2026
Rights Issue Committee meeting on 21 Oct 2026 to decide issue price, entitlement ratio and record date
15 Oct 2026
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.