Description
Magnus Steel and Infra Ltd announces rights issue of 2 equity shares at Rs. 10/- per share for every 29 shares held, with record date October 10, 2025.
Summary
Magnus Steel and Infra Ltd (Scrip Code: 517320) has announced a rights issue offering 2 equity shares of Rs. 10/- each for every 29 equity shares held. The record date is October 10, 2025, and shares will trade on an ex-rights basis from the same date. The issue price is Rs. 10/- per share (at par), payable on application.
Key Points
- Rights ratio: 2 equity shares for every 29 shares held
- Face value: Rs. 10/- per share
- Issue price: Rs. 10/- per share (at par)
- Payment terms: Full amount payable on application
- Scrip code: 517320
- Settlement number: DR-733/2025-2026
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members must ensure all transactions in Magnus Steel and Infra Ltd equity shares are executed on an ex-rights basis from October 10, 2025
- Members should adjust their systems and inform clients about the ex-rights trading status
Important Dates
- Record Date: October 10, 2025
- Ex-Rights Date: October 10, 2025
- Settlement Number: DR-733/2025-2026
- Circular Issue Date: October 7, 2025
Impact Assessment
Shareholder Impact: Existing shareholders as of the record date will be entitled to subscribe to 2 new shares for every 29 shares held at par value. This represents approximately 6.9% dilution of existing holdings.
Trading Impact: From October 10, 2025, the stock will trade ex-rights, meaning new buyers will not be entitled to participate in the rights issue. This may lead to price adjustment on the ex-rights date.
Market Impact: Medium - Standard rights issue for a listed company. Shareholders should monitor their entitlements and exercise rights within the subscription period to avoid dilution.
Impact Justification
Standard rights issue affecting existing shareholders of Magnus Steel and Infra Ltd with dilution ratio of 2:29