Key Quantitative Figures

  • Total issue size: ₹39,88,75,400 (Rupees Thirty Nine Crore Eighty Eight Lakh Seventy Five Thousand Four Hundred Only)
  • Number of shares to be issued: 3,98,87,540 fully paid-up equity shares of face value ₹10.00 each
  • Issue price: ₹10.00 per share
  • Outstanding equity shares prior to rights issue: 33,80,300 equity shares of ₹10.00 each
  • Outstanding equity shares post rights issue (assuming full subscription): 4,32,67,840 equity shares of ₹10.00 each
  • Rights entitlement ratio: 59 new equity shares for every 5 existing equity shares held

Parties Involved

  • Rights Issue Committee of Magnus Steel and Infra Limited
  • BSE Limited (BSE) - for filing of letter of offer
  • Securities and Exchange Board of India (SEBI) - for record purpose
  • NSDL and CDSL - for credits of Rights Entitlements in dematerialized form
  • Mr. Karronn Naresh Bajaj, Chairman of Right Issue Committee

Terms of Payment

  • Application amount: ₹10.00 per rights equity share (₹10.00 face value, no premium)
  • One or more subsequent call(s) may be determined by the Board at its sole discretion from time to time
  • Total payment: ₹10.00 per share

Additional Details

  • Fractional shares are ignored in calculation of shares to be issued
  • The Board or Rights Issue Committee has right to extend the issue period, but not beyond 30 days from opening date
  • No withdrawal of application permitted after issue closing date
  • Detailed terms including procedure for applying and fractional entitlements will be specified in the Letter of Offer
  • The meeting commenced at 4:30 PM and concluded at 5:30 PM on October 21, 2026
  • The notice will be accessible on the company website and stock exchange website