MAGNUS : RIGHTS ISSUE UP TO RS 40 CR; PANEL MEETS OCT 21 TO FIX PRICE

Rights issue committee to decide issue price, entitlement ratio, record date and timing of the issue. Issue of fully paid equity shares of face value ₹10 each, not exceeding ₹40 Cr, already approved by board on July 15, 2026. In-principle approval from the stock exchange received; trading window closed from October 15, 2026 till 48 hours after the committee meeting. Impact: Neutral (Procedural step for the approved ₹40 Cr rights issue; price and ratio still undecided)

Magnus Steel and Infra Ltd

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