Magnus Retail has announced a revised timeline for its upcoming Rights Issue, as per a decision made by the company's Rights Issue Committee on October 14, 2025. The change in schedule comes in response to unforeseen circumstances, with the company prioritizing smooth execution and full compliance with regulatory and operational requirements.

Revised Rights Issue Timeline

The updated schedule for the Rights Issue is as follows:

Key Points of the Announcement

• The Rights Issue Committee meeting was held on October 14, 2025, from 3:00 PM to 3:40 PM.
• The decision to reschedule was made due to "certain unavoidable circumstances."
• The Rights Issue opening date has been pushed back by one week, from October 16 to October 23, 2025.
• The last date for on-market renunciation of rights entitlement and the closing date remain unchanged.
• All other terms and conditions of the Rights Issue, as approved by the Board of Directors on October 6, 2025, remain the same.

Company Background

Magnus Steel & Infra Limited, formerly known as Magnus Retail, has been in operation since 1978. The company is headquartered in Nashik, Maharashtra.

This rescheduling of the Rights Issue demonstrates the company's commitment to ensuring a smooth process for its shareholders while adhering to regulatory requirements. Investors and stakeholders should take note of these revised dates for participation in the Rights Issue.

The company has stated that the updated letter of offer, Right Entitlement Form, and Application Form reflecting these changes have been approved by the Rights Issue Committee. Interested parties can access the full notice on the company's website and the Stock Exchange platform for more detailed information.

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:

1. Adoption of financial statements for the fiscal year 2024-25
2. Re-appointment of Mr. Karronn Naresh Bajaj (DIN: 09375579) as a director
3. 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.