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Awaiting price reaction for this filing.
Magnus Steel and Infra (formerly Magnus Retail) has revised the outcome of its Board Meeting held on 22nd December 2025, which had approved a preferential issue of equity shares. The correction fixes a clerical error: the earlier filing mistakenly named a director as the valuer, whereas the actual appointed Registered Valuer is M/s Atharva Valuation (OPC) Private Limited (Reg. No. IBBI/RV-E/03/2022/174). The issue price will be determined based on this valuer's report and in compliance with SEBI (ICDR) Regulations, 2018. All other terms and conditions from the original outcome remain unchanged.
This is a procedural correction with no change to the substance of the preferential issue. Shareholders should await further details on issue price, quantity, and allottees once the valuation report is finalized, which could lead to dilution depending on the size of the issue.