Magnus Steel Approves ₹40 Cr Rights Issue, Sets Committee Meeting

Magnus Steel and Infra Ltd has announced that its Board of Directors previously approved a Rights Issue of fully paid-up equity shares, aiming to raise up to ₹40 crore. A Rights Issue Committee meeting is scheduled for July 21, 2026, to finalize terms including the issue price, entitlement ratio, and record date. Concurrently, the company has closed its trading window for designated persons and their relatives from July 16, 2026, until 48 hours after the committee meeting, in compliance with SEBI's Insider Trading Regulations.