Description
Magnus Steel and Infra Ltd has fixed October 10, 2025 as the record date for rights issue of 2 equity shares at Rs. 10/- per share for every 29 equity shares held.
Summary
Magnus Steel and Infra Ltd (Scrip Code: 517320) has announced a rights issue of equity shares with a record date of October 10, 2025. The company will issue 2 equity shares of Rs. 10/- each for every 29 equity shares held by existing shareholders. The shares will trade on an ex-rights basis from October 10, 2025 (Settlement No. DR-733/2025-2026).
Key Points
- Company: Magnus Steel and Infra Ltd (Scrip Code: 517320)
- Rights entitlement: 2 equity shares for every 29 equity shares held
- Face value: Rs. 10/- per share
- Issue price: Rs. 10/- per share (at par)
- Payment terms: Full issue price payable on application
- Security type: Dematerialised securities in rolling settlement segment
Regulatory Changes
No regulatory changes. This is a standard corporate action notification.
Compliance Requirements
- Trading members must execute all transactions in Magnus Steel and Infra Ltd equity shares on an ex-rights basis from October 10, 2025
- Trading members are required to take note of the ex-rights trading effective date and settlement number
Important Dates
- Record Date: October 10, 2025
- Ex-Rights Trading Date: October 10, 2025
- Settlement Number: DR-733/2025-2026
- Notice Date: October 07, 2025
Impact Assessment
Market Impact: Medium - Shareholders who purchase shares on or after October 10, 2025 will not be eligible for the rights issue. The rights issue at par value may provide existing shareholders an opportunity to increase their holdings at face value.
Shareholder Impact: Existing shareholders holding shares as of the record date will receive rights entitlements in the ratio of 2:29. The issue price being at par (Rs. 10/-) represents the face value of the shares.
Trading Impact: The stock will trade ex-rights from October 10, 2025, which typically results in a theoretical price adjustment to reflect the rights distribution to eligible shareholders.
Impact Justification
Standard rights issue announcement affecting existing shareholders of Magnus Steel and Infra Ltd with specific entitlement ratio and pricing.