
Rights Issue21 Jul 2026, 04:40 pm
Magnus Steel Postpones Rights Issue Committee Meeting
AI Summary
Magnus Steel and Infra Ltd has postponed its Rights Issue Committee meeting, originally scheduled for July 21, 2026. The meeting was set to approve key terms for the rights issue, including the record date, issue price, and entitlement ratio, as approved by the Board on July 15, 2026. The postponement is due to the pending in-principle approval from the stock exchange. The committee meeting will now be held within one working day after receiving this approval.
Key Highlights
- Rights Issue Committee meeting postponed.
- Key terms for rights issue pending stock exchange approval.
- Meeting rescheduled post in-principle approval.
- Board had approved rights issue on July 15, 2026.
Price Impact
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