Magnus Steel And Infra Sets 59-For-5 Rights Issue At Rs 10

Board approved rights issue of 3,98,87,540 shares at Rs 10 each aggregating Rs 39.89 Cr in ratio 59 for every 5 held. Record date Oct 27, 2026; issue opens Nov 12, closes Dec 1, 2026. Huge dilutive raise at face value with no premium; post-issue shares jump to 4.33 Cr from 33.8 lakh, implying ~12x dilution. Full payment on application. Issue price equals face value; use of proceeds, entitlement and fractional details in Letter of Offer. On-market renunciation till Nov 25; no withdrawal after close.