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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Magnus Steel and Infra Ltd
Magnus Steel And Infra Ltd Sets Board Meeting to Finalize Rs. 40 Crore Rights Issue Terms
FUNDRAISE ◆ Monitor Closely MEDIUM RISK
📅 Filed on BSE: 15 Oct 2026, 07:59 PM IST  ·  BSE ID: 4989e39f-7e70-4b2a-bf62-84b81db18323
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's board will meet to set the exact price and dates for its plan to raise Rs. 40 Crore from shareholders.
🤖 AI Summary
  • Magnus Steel board meeting scheduled for October 21, 2026, to decide Rights Issue terms.
  • The Rights Issue aims to raise Rs. 40,00,00,000 for capital infusion.
  • Key decisions include issue price, record date, and rights entitlement ratio.
  • In-principle approval for the Rights Issue has been received from BSE.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Rights Issue Amount
Rs. 40,00,00,000
Face Value per Share
Rs. 10.00/-
🏢 How This Affects the Company
📈
Business Impact
Finalizing the terms of the Rights Issue moves the company closer to securing additional capital, potentially enabling expansion or debt reduction.
💰
Financial Impact
The Rs. 40,00,00,000 Rights Issue will increase the company's equity base and cash reserves upon successful subscription.
⚠️
Risk Impact
Successfully completing the Rights Issue mitigates funding risk, but the process itself introduces a period of focused activity and potential shareholder scrutiny.
👥 What This Means For Shareholders
✅
Action Required
Shareholders should monitor future announcements for specific details on the Rights Issue price, record date, and their entitlement ratio.
👤
Who Is Affected
Eligible shareholders as of the determined record date will have the opportunity to subscribe to new equity shares.
🔍
Management Signal
Management is actively pursuing capital infusion through a Rights Issue, signaling intent to fund corporate activities or expansion.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Outcome of the Rights Issue Committee meeting on October 21, 2026.
Announcement of the Rights Issue price and record date.
Publication of the detailed Rights Issue offer document.
MEDIUM RISK Rights issues can dilute existing shareholding if not subscribed to fully.
💡 Investor Takeaway
Magnus Steel And Infra Ltd will hold a Rights Issue Committee meeting on October 21, 2026, to determine the Rs. 40,00,00,000 Rights Issue price, record date, and entitlement ratio.
⚖️ Strengths & Concerns

✅ Positives

  • Proceeding with a Rights Issue of up to Rs. 40,00,00,000 to strengthen the company's capital base.
  • Received in-principle approval from BSE for the proposed Rights Issue, indicating regulatory progress.
❓ Frequently Asked Questions
When will Magnus Steel And Infra Ltd finalize its Rights Issue terms?
Magnus Steel And Infra Ltd will hold a meeting of its Rights Issue Committee on October 21, 2026, to decide the terms.
What is the total amount Magnus Steel And Infra Ltd plans to raise via Rights Issue?
The company plans to raise an amount not exceeding Rs. 40,00,00,000 (Rupees Forty Crores Only) through the Rights Issue.
What key terms will be decided for the Rights Issue?
The Rights Issue Committee will decide the Rights Issue price, rights entitlement ratio, record date, timing, and other related conditions.
Has Magnus Steel And Infra Ltd received approval for its Rights Issue?
The company has received In-principle approval from the Stock Exchange for the proposed Rights Issue.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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