MSMagnus Steel and Infra517320Rights issue announcement

Rights Issue Committee meeting on 21 Oct 2026 to decide issue price, entitlement ratio and record date

Rights Issue Committee meeting scheduled for Wednesday, October 21, 2026.

By ScoutQuest · Thu 15 Oct 2026, 7:59 PM IST · 2 min read

Rights Issue Size

up to Rs. 40,00,00,000/- (Rupees Forty Crores Only)

Rights Issue Committee Meeting Date

Wednesday, October 21, 2026

Board Approval Date

July 15, 2026

What the company has informed

Magnus Steel and Infra Ltd has told the exchanges that a meeting of the Rights Issue Committee of its Board of Directors is scheduled to be held on Wednesday, October 21, 2026. The committee will, inter alia, consider, discuss and decide various matters in connection with the Rights Issue, including the specific terms such as the determination of the Rights Issue price and the related payment mechanism, the rights entitlement ratio, the record date, the timing of the Rights Issue and other terms and conditions.

Background

• The Board, at its meeting on Wednesday, July 15, 2026, approved the offer and issuance of fully paid-up equity shares of face value of Rs. 10.00/- each, by way of a Rights Issue, to eligible shareholders, for an amount not exceeding Rs. 40,00,00,000/- (Rupees Forty Crores Only).
• The company states that it has received the in-principle approval from the Stock Exchange, and the upcoming committee meeting is in continuation of its earlier disclosures.

What a rights issue means

In a rights issue, a company offers new shares to its existing shareholders, normally in proportion to the shares they already hold. How many shares a shareholder is entitled to, and at what price, is decided by the entitlement ratio and the issue price fixed by the committee. The record date fixes who is eligible to participate.

Trading window

The trading window for dealing in the equity shares of the company will remain closed with effect from Thursday, October 15, 2026, till 48 hours from the conclusion of the Rights Issue Committee meeting, under the code of conduct for prevention of insider trading.

Points shareholders may track

• The Rights Issue price decided by the committee
• The rights entitlement ratio
• The record date for eligibility
• The timing of the Rights Issue and the payment mechanism

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