Magnus Steel & Infra

Magnus Steel and Infra Ltd approved the terms of its rights issue at a Rights Issue Committee meeting on October 21, 2026. The company will issue 3,98,87,540 fully paid-up equity shares of Rs 10 each at Rs 10 per share, aggregating to Rs 39.89 crore. Eligible shareholders on the record date of October 27, 2026 will receive 59 rights shares for every 5 shares held, with renunciation permitted. The issue will open on November 12, 2026 and close on December 1, 2026, with on-market renunciation available until November 25, 2026.

Powered by Tijori

Magnus Steel and Infra Ltd has approved a rights issue to raise up to ₹40 crores through the issuance of new equity shares, the company said on Tuesday. The board, which met on July 15, authorised the filing of the draft letter of offer with BSE and constituted a rights issue committee to finalise the terms, including the price and entitlement ratio. The record date for eligibility will be announced later.

Powered by Tijori

July 15 (Reuters) - Magnus Steel and Infra Ltd MAGU.BO:

• APPROVES RAISING UP TO 400 MILLION RUPEES VIA RIGHTS ISSUE

Source text: ID:nBSE6YFBCL

Further company coverage: MAGU.BO

(([email protected];;))

July 9 (Reuters) - Magnus Steel and Infra Ltd MAGU.BO:

• MAGNUS STEEL AND INFRA - TO CONSIDER FUND RAISING VIA EQUITY OR OTHER SECURITIES

Source text: ID:nBSE1QVdTK

Further company coverage: MAGU.BO

(([email protected];;))

Magnus Steel and Infra Ltd announced on Tuesday that Chinmay Pradhan has resigned as Managing Director with effect from the close of business, barely weeks after his appointment to the role. Prakash Salve, who had been appointed as Additional Executive Director alongside Pradhan, and non-executive independent director Aarti Singh also tendered their resignations, all citing personal reasons. The board re-designated Karronn Bajaj, who had been serving as a non-executive director, to the post of Managing Director, subject to shareholder approval.

Powered by Tijori

May 11 (Reuters) - Magnus Steel and Infra Ltd MAGU.BO:

• MAGNUS STEEL - EMPANELED AS APPROVED STEEL SUPPLIER FOR TATA MOTORS' UPCOMING MANUFACTURING FACILITIES

• MAGNUS STEEL AND INFRA LTD - TOTAL ESTIMATED ORDER BOOK FROM ENGAGEMENT ABOUT 325 MILLION RUPEES

Source text: ID:nBSE8FGtsB

Further company coverage: MAGU.BO

(([email protected];))

May 22 (Reuters) - Savant Infocomm Ltd SAVA.BO:

• APPOINTS GIRISH KAMALKISHOR SARDA AS CHIEF FINANCIAL OFFICER

Source text for Eikon: ID:nBSE6LwcxC

Further company coverage: SAVA.BO

(([email protected];))