Rights Issue15 Jul 2026, 02:02 pm
Magnus Steel Approves ₹40 Cr Rights Issue
AI Summary
Magnus Steel and Infra Ltd announced that its Board of Directors, in a meeting held on July 15, 2026, approved a Rights Issue to raise up to ₹40 crore. The funds will be raised through the issuance and allotment of equity shares to eligible existing shareholders. The Board also approved the draft Letter of Offer and constituted a Rights Issue Committee to oversee the process. The meeting commenced at 12:30 PM and concluded at 1:45 PM.
Key Highlights
- Board approved a Rights Issue to raise up to ₹40 crore.
- Equity shares will be issued to eligible existing shareholders.
- A Rights Issue Committee has been formed.
- Draft Letter of Offer approved for filing.
- Board meeting held on July 15, 2026.
Price Impact
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