Magnus Steel Rights Issue Committee Meeting July 21

Key Quantitative Figures

The company plans to raise up to ₹40,00,00,000 (Rupees Forty Crores Only) through the rights issue. The face value of each equity share is ₹10.00.

Dates of Action

The Rights Issue Committee meeting is scheduled for Tuesday, July 21, 2026. The trading window for designated persons and their immediate relatives was closed starting from the date of this disclosure, July 16, 2026. The trading window will remain closed until 48 hours after the conclusion of the Rights Issue Committee meeting.

Parties Involved

The disclosure is addressed to the Listing Department of the Bombay Stock Exchange Ltd. The meeting is for the Rights Issue Committee of Magnus Steel and Infra Limited (formerly known as Magnus Retail Limited). The company secretary, Kshipra Bansal, signed the disclosure.

Purpose or Stated Rationale

The purpose of the committee meeting is to consider, discuss, and decide on various matters related to the rights issue. This includes determining the specific terms such as the issue price, rights entitlement ratio, record date, timing of the issue, and the related payment mechanism.

Financial Impact

The financial impact of the potential capital raise is up to ₹40 crore. The specific impact on capital structure, including potential dilution, will be determined by the terms (e.g., issue price, entitlement ratio) decided by the committee.

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