Magnus Steel and Infra Rises Nearly 5% Ahead of Rights Issue Record Date

Mumbai, October 8, 2025 – Magnus Steel and Infra Ltd shares (BSE: 517320) rose 4.97% to ₹18.80 at 3:23 PM on Wednesday, as investors gathered positions ahead of the company’s upcoming rights issue record date set for October 10, 2025.

Magnus Steel and Infra Share Price Update

Shares of Magnus Steel and Infra Ltd are quoted at ₹18.80, a growth of 4.97%, on October 8, 2025, at 3:22 PM IST. The stock opened at ₹18.80, the same as its intraday high and low, indicating no price fluctuation occurred on the day. The market capitalisation of the company is ₹6.35 crore, and the trade is seen at a P/E ratio of 13.88. The high and low on the 52-week basis stood at ₹18.80 and ₹7.15, respectively, indicating significant growth over the past year.

Rights Issue Record Date Fixed for October 10

The Record Date for determining shareholders that will be entitled to rights, as indicated in the latest filing on October 6, 2025, is Friday, October 10, 2025. It was determined after approval by the Board of Directors, pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 68 of the SEBI (ICDR) Regulations, 2018.

Magnus Steel confirmed that it has made necessary arrangements with NSDL and CDSL to credit rights entitlements in dematerialised form to eligible shareholders before the issue opening date. The rights issue aims to raise fresh equity capital to support the company’s growth and operational requirements.

Magnus Steel and Infra Ltd, formerly Magnus Retail Ltd, is a company engaged in the production and trade of electrical and structural steel products. It was established in 1978 and falls under the sectoral category “Other Electrical Equipment” on the BSE. It is situated at the registered office in Nashik, Maharashtra.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/c9f2a9fd-cc56-4d47-b8eb-6f2b51214eb5.pdf

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