Magnus Steel and Infra Limited to Consider Rs 49.5 Crore Rights Issue
Magnus Steel and Infra Limited's Board of Directors will meet on October 6, 2025, to discuss a proposed rights issue of equity shares. The issue size is not to exceed Rs 49.50 crore, with shares having a face value of Rs 10 each. The board will consider the issue price, payment mechanism, rights entitlement ratio, record date, and timing of the issue. The meeting will take place at the company's registered office in Nashik, Maharashtra. This follows the company's recent 47th Annual General Meeting held on September 30, 2025.
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Magnus Steel and Infra Limited (ISIN: INE898E01011) has announced a significant move to strengthen its financial position. The company's Board of Directors is set to convene on October 6, 2025, to deliberate on a proposed rights issue of equity shares.
Rights Issue Details
The board meeting will focus on the following key aspects of the rights issue:
- Issue Size: The aggregate amount under consideration is not to exceed Rs 49.50 crore.
- Share Details: The rights issue will involve equity shares with a face value of Rs 10 each.
- Key Considerations: The board will discuss and potentially approve various matters related to the rights issue, including:
- Determination of the issue price
- Payment mechanism
- Rights entitlement ratio
- Record date
- Timing of the issue
Meeting Logistics
The crucial board meeting is scheduled to take place at the company's registered office in Nashik, Maharashtra. This strategic gathering underscores Magnus Steel and Infra Limited's commitment to exploring avenues for capital raising and enhancing shareholder value.
Recent Corporate Actions
It's worth noting that Magnus Steel and Infra Limited recently held its 47th Annual General Meeting (AGM) on September 30, 2025. During this meeting, the company addressed several important matters:
- Adoption of financial statements for the fiscal year 2024-25
- Re-appointment of Mr. Karronn Naresh Bajaj (DIN: 09375579) as a director
- Appointment of M/s Ritesh Sharma & Associates as the company's Secretarial Auditor
Company Background
Magnus Steel and Infra Limited, formerly known as Magnus Retail Ltd, continues to evolve its business model, as evidenced by its tagline 'Where Tradition Meets Transformation.' The company's actions, including this proposed rights issue, appear to align with its vision of blending established practices with forward-looking initiatives.
Investors and stakeholders will be keenly awaiting the outcome of the October 6 board meeting, which could significantly impact the company's financial structure and future growth strategies.
Historical Stock Returns for Magnus Steel & Infra
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.99% | +10.30% | +50.61% | +349.25% | +419.31% | +2,284.09% |
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