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Awaiting price reaction for this filing.
The Board of Directors of Magnus Steel and Infra Ltd, at its meeting on 22nd December 2025, approved a preferential issue of up to 4,50,00,000 equity shares at Rs. 10 per share, raising up to Rs. 45 crore from four non-promoter allottees: Nautilus Private Capital Ltd (1 crore shares), MGO High Convection Fund (1 crore shares), BluCreek Real Estate Ltd (1.5 crore shares), and Manoj Sawant (1 crore shares). The issue price will be determined as per SEBI ICDR Regulations, with the relevant date set as 24th December 2025. Post-issue, promoter shareholding will dilute sharply from 46.13% to 3.22%, while public holding will rise from 53.87% to 96.78%. The Board also appointed Kshipra Bansal as Company Secretary and Compliance Officer, Keyur J Shah as Registered Valuer, approved the draft EGM notice, and approved shifting the registered office from Nashik to Pune (subject to shareholder approval).
Existing shareholders will see significant dilution, with promoter stake dropping from 46.13% to just 3.22%, effectively giving up majority control. The Rs. 45 crore fundraising at face value (Rs. 10 per share) is a substantial capital infusion that could strengthen the balance sheet but heavily dilutes current shareholders. The office shift from Nashik to Pune signals a possible strategic relocation, and the EGM will be the next key event for investors to watch.