Magnus Steel Approves ₹39.89 Cr Rights Issue

Magnus Steel and Infra Ltd's Rights Issue Committee met on October 21, 2026, to approve terms for a rights issue of fully paid-up equity shares. The issue aims to raise up to ₹40,00,00,000 (₹39.89 Crore) by issuing 3,98,87,540 equity shares at ₹10.00 each. The record date for determining eligible shareholders is October 27, 2026. The rights issue will open on November 12, 2026, and close on December 1, 2026. Eligible shareholders will receive 59 equity shares for every 5 equity shares held.