Magnus Steel and Infra rights issue: Rs.10.00 per share, record date 27 October 2026

• Type of security: Fully paid-up Equity Shares ("Rights Equity Shares")
• Type of issuance: Rights Issue of Fully Paid-Up Equity Shares
• Issue size: 3,98,87,540* fully paid-up Equity Shares of face value of Rs. 10.00/- each at Rs.10.00/- for an amount aggregating of Rs. 39,88,75,400/- (as per the table under item 3 of the board's outcome letter; fractional shares are ignored in calculation of Fully Paid-Up Equity Shares proposed to be issued)
• Issue price: Rs.10.00/- per share (item 4)
• Right entitlement ratio: 59 (Fifty Nine) Equity Shares for every 5 (Five) Equity Shares held by the Eligible Equity Shareholders of the Company as on the record date with the right to renounce (item 7)
• Record date: Tuesday, October 27, 2026, for determining the shareholders entitled for Rights Issue ("Eligible Equity Shareholders") (item 5 and Regulation 42 section)
• Rights Issue opening date: Thursday, November 12, 2026 (item 6)
• Last date for on-market renunciation of rights entitlement: Wednesday, November 25, 2026 (item 6)
• Rights Issue closing date: Tuesday, December 01, 2026 (item 6)
• Outstanding equity shares prior to the Rights Issue: 33,80,300 Equity shares of Rs. 10.00/- each (item 8)
• Outstanding equity shares post Rights Issue (assuming full subscription): 4,32,67,840 Equity shares of Rs. 10.00/- each (item 9)
• Terms of payment: On application, Rs.10.00/- per Rights Equity Share towards face value, with total of Rs.10.00/- per Rights Equity Share (item 10; the table shows no premium and no subsequent call amount specified)

Under the section referring to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Regulation 68 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, the company states that the Board of Directors has fixed Tuesday, October 27, 2026 as the record date.

Equity shareholders whose names appear in the company’s records as on this record date will be treated as Eligible Equity Shareholders and will receive rights entitlements in the rights issue. The letter notes that the company has made necessary arrangements with NSDL and CDSL for the credits of the Rights Entitlements in dematerialized form in the demat accounts of eligible equity shareholders as on the record date, and that the Rights Entitlement shall be credited prior to the issue opening date.

The outcome letter also clarifies that Eligible Equity Shareholders are requested to ensure that renunciation through off market transfer is completed in such a manner that the Rights Entitlements are credited to the demat account of the renouncees on or prior to the issue closing date.

The company further states that its Board or a duly authorized Rights Issue Committee will have the right to extend the issue period as it may determine from time to time, provided that the issue will not remain open in excess of 30 days from the issue opening date (inclusive of the issue opening date). It also notes that no withdrawal of application shall be permitted by any applicant after the issue closing date.

According to item 11 and the subsequent paragraphs of the board's outcome letter, other detailed terms of the issue, including the procedure for applying and treatment of fractional entitlements, will be set out in the Letter of Offer to be filed by the company with BSE Limited and with the Securities and Exchange Board of India for record purposes only.

The Rights Issue Committee has also approved the Letter of Offer, the Application Form and the Rights Entitlement Letter to be filed with BSE Limited.

The meeting of the Board of Directors (Rights Issue Committee) commenced at 4.30 P.M. and concluded at 05.30 P.M., and the communication is signed by Mr. Karronn Bajaj, Chairman, Right Issue Committee, on behalf of Magnus Steel and Infra Limited.