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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Magnus Steel and Infra has called an Extra-Ordinary General Meeting on 10 February 2026 (via video conferencing) to seek shareholder approval for two special businesses. The first is a preferential allotment of up to 4.50 crore equity shares of Rs. 10 face value at Rs. 10 per share (at par, priced via registered valuer because the stock is infrequently traded), raising up to Rs. 45 crore in cash from five non-promoter allottees. The allottees include three entities – Nautilus Private Capital Ltd, MGO High Conviction Fund (VCC Sub-Fund) and Al Malaki Foodstuff Trading LLC (UAE) – each getting 1 crore shares, plus two Indian individuals (Mr. Manoj Sawant and Ms. Arti Anjaria) together taking 1.50 crore shares. Proceeds are earmarked for working capital (minimum Rs. 33.75 crore) and general corporate purposes (up to Rs. 11.25 crore, i.e. 25% of issue size), to be deployed within 12 months. The second item seeks approval to shift the registered office from Shirasgaon, Nashik to Pimple Saudagar, Pune. E-voting cut-off date is 3 February 2026.
Existing shareholders will face significant equity dilution – a Rs. 45 crore fresh issue at face value will materially shrink their proportionate holding once approved. The incoming capital should ease working-capital pressure and improve the balance sheet, but the price (Rs. 10, at par) implies no premium benefit for existing holders, and all new shares carry SEBI-mandated lock-in restrictions. The registered office shift from Nashik to Pune is administrative and largely symbolic.