Magnus Steel and Infra Ltd

Magnus Steel and Infra Limited, formerly known as Magnus Retail Limited, has set Tuesday, October 27, 2026, as the record date for a rights issue, according to a filing with the Bombay Stock Exchange. The company has arranged for the crediting of rights entitlements in dematerialized form to eligible equity shareholders via NSDL and CDSL prior to the issue opening date, in compliance with SEBI circular number SEBI/HO/CFD/PoD1/P/CIR/2024/0154 dated November 11, 2024.

Magnus Steel and Infra Limited intends to raise up to Rs 40 crore through a rights issue of 3,98,87,540 equity shares with a face value of Rs 10 each, offered at an issue price of Rs 10 per share. The rights issue will have a record date of October 27, 2026, and an issue period opening on November 12, 2026, with a ratio of 59 shares for every 5 shares held. The company's board has approved the terms, including payment details, and a Letter of Offer will be filed with the BSE and SEBI. Following the rights issue, the outstanding equity shares are expected to increase from 33,80,300 to 4,32,67,840.

Magnus Steel and Infra Limited, formerly known as Magnus Retail Ltd, submitted a certificate to the Bombay Stock Exchange on October 15, 2026, confirming compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026, as processed by MUFG Intime India Pvt. Ltd., formerly Link Intime India Private Limited, the company’s registrar and share transfer agent.

Magnus Steel and Infra Limited informed the BSE Limited that the trading window for dealing in the company's securities will be closed for designated persons and their relatives from October 1, 2026, until 48 hours after the declaration of unaudited financial results for the quarter and half year ended September 30, 2026, in accordance with the company's insider trading policy and SEBI regulations.

Magnus Steel and Infra Limited, formerly known as Magnus Retail Ltd, informed the BSE Limited that its board approved the convening of the 48th Annual General Meeting of its members on September 30, 2026, at 3:00 p.m. through video conferencing or other audio-visual means, and also approved the Secretarial Audit Report for the financial year ended March 31, 2026, issued by M/s Ritesh Sharma & Associates.

Net profit of Magnus Steel & Infra rose 487.80% to Rs 2.41 crore in the quarter ended June 2026 as against Rs 0.41 crore during the previous quarter ended June 2025. Sales rose 274.36% to Rs 7.30 crore in the quarter ended June 2026 as against Rs 1.95 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales7.301.95 274 OPM %33.0124.62 - PBDT2.410.41 488 PBT2.410.41 488 NP2.410.41 488 Powered by Capital Market - Live

Magnus Steel & Infra will hold a meeting of the Board of Directors of the Company on 21 July 2026.

Magnus Steel & Infra has postponed the meeting of the Board of Directors which was scheduled to be held on 14 July 2026. The meeting will now be held on 15 July 2026.

Magnus Steel & Infra will hold a meeting of the Board of Directors of the Company on 14 July 2026.

Magnus Steel & Infra has been empaneled as an approved steel supplier for Tata Motors' upcoming manufacturing facilities at Gujarat and Maharashtra. The company has commenced supplies through Tata Motors' project contractor, M/s. RIECO Industries, Pune, and has received purchase orders aggregating significant value.