Description

Trading in Rights Entitlements (REs) for renunciation of Magnus Steeland Infra Limited permitted from October 23, 2025 to November 10, 2025.

Summary

BSE has permitted trading in Rights Entitlements (REs) for renunciation of MAGNUS STEELAND INFRA LIMITED from October 23, 2025 to November 10, 2025. The Rights Issue will be open from October 23, 2025 to November 14, 2025. Trading will be conducted on a T+1 rolling settlement basis with trade-for-trade execution in dematerialized form only.

Key Points

  • Scrip Code: 751046
  • Scrip ID: MAGNUS-RE
  • ISIN: INE898E20011
  • Market Lot: 1
  • Group: R
  • Settlement: T+1 Rolling Settlement, trade-for-trade basis
  • Trading mode: Dematerialized form only
  • REs not subscribed or renounced by issue closing date will lapse and be extinguished

Regulatory Changes

No regulatory changes. This is a standard operational notice for rights entitlements trading.

Compliance Requirements

  • Trading Members must inform all clients about commencement of trading in REs with the specific ISIN (INE898E20011)
  • Trading Members must clarify that REs should not be mistaken for ordinary shares
  • Contract notes/bills for RE purchases must include a prominent disclaimer explaining that:
    • Purchase of REs only gives the right to participate in the ongoing Rights Issue by making application with requisite money, or to renounce the REs before issue closes
    • REs neither subscribed nor renounced on or before Issue Closing Date will lapse and be extinguished
  • Trading Members should refer to notice no. 20200305-21 dated March 05, 2020 and notice no. 20200518-34 dated May 18, 2020 for additional details

Important Dates

  • October 17, 2025: Notice date
  • October 23, 2025: Trading in REs commences; Rights Issue opens
  • November 10, 2025: Last day for trading/renunciation of REs
  • November 14, 2025: Rights Issue closes

Impact Assessment

This circular has medium impact on existing shareholders of Magnus Steeland Infra Limited who hold rights entitlements. Shareholders can trade their REs during the specified period or apply for the rights issue. Trading members need to ensure proper disclosure and client communication regarding the nature of REs and the consequences of non-subscription or non-renunciation. The trade-for-trade settlement mechanism ensures transparent price discovery for these instruments.

Impact Justification

Standard rights entitlements trading notification affecting shareholders of Magnus Steeland Infra Limited with specific trading and settlement procedures