Magnus Steel And Infra Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/10/2025 ,inter alia, to consider and approve Intimation of Meeting ....
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Magnus Steel and Infra Ltd has informed BSE that its Board of Directors will meet on 6th October 2025 to consider and approve a Rights Issue of equity shares with a face value of Rs. 10 each. The aggregate size of the proposed Rights Issue will not exceed Rs. 49.5 crore. The Board will also finalise key terms including the issue price, payment mechanism, total issue size, entitlement ratio for existing shareholders, record date, and timing of the issue. The company, formerly known as Magnus Retail Ltd, is seeking shareholder funds to raise fresh capital through this route.
A Rights Issue gives existing shareholders the first opportunity to buy additional shares in proportion to their current holdings, helping the company raise up to Rs. 49.5 crore. Shareholders who do not participate may see their stake diluted. The stock may see short-term volatility around the record date and issue pricing.