Magnus Steel and Infra Limited has postponed the meeting of its Rights Issue Committee that was scheduled to be held on Tuesday, July 21, 2026. The committee was intended to consider and approve key parameters for a rights issue, including fixing the record date, issue price, entitlement ratio, and other terms and conditions.
The rights issue was previously approved by the Board of Directors of the Company in their meeting held on July 15, 2026. The postponement is due to the pending in-principle approval from the stock exchange regarding the rights issue, which is currently under process.
The rescheduled meeting of the Rights Issue Committee will now be held within the next working day following receipt of the in-principle approval letter from the stock exchange for the aforementioned rights issue.
This communication serves as a formal disclosure to the Bombay Stock Exchange regarding the postponement, referencing the company's earlier letter dated July 16, 2026.