Intimation of Record date for the Right Entitlements to be credited for the purpose of Rights Issue of the Company.
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Awaiting price reaction for this filing.
Magnus Steel and Infra Ltd (formerly Magnus Retail Ltd) has fixed Friday, October 10, 2025 as the record date for its upcoming Rights Issue. Shareholders holding equity shares as on this record date will be eligible to receive Rights Entitlements in their demat accounts via NSDL and CDSL before the issue opens. The decision was taken at the Board of Directors meeting held on October 6, 2025. The company is making the filing under SEBI LODR and ICDR regulations to comply with disclosure norms. Specific details such as the rights issue size, price, and ratio are not mentioned in this particular filing.
Eligible shareholders as on the record date (Oct 10, 2025) will receive Rights Entitlements and can choose to subscribe to the rights issue. Shareholders who buy shares after this date will not get the entitlement, which may create mild selling pressure ahead of the ex-date. The dilution impact will depend on the issue size and price, which are not disclosed here.