Outcome of the Right Issue Committee of Magnus Steel and Infra Limited for Extension of closing date of Right Issue.
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Magnus Steel and Infra Ltd has extended the closing date of its ongoing Rights Issue by one week, from Friday, November 14, 2025 to Friday, November 21, 2025. The decision was taken by the Rights Issue Committee on November 11, 2025 to give eligible shareholders more time to apply. The Rights Issue originally opened on October 23, 2025. No other changes have been made to the Letter of Offer, Composite Application Form, or the terms of the issue — only the closing date and related post-issue activity schedule have been revised.
Eligible shareholders now have until November 21, 2025 to subscribe to their rights entitlement, which may help improve subscription levels but could also signal slower-than-expected uptake. The extension itself is procedural and does not change the economics of the issue for investors.