Outcome of the Meeting of the Rights Issue Committee of Magnus Steel and Infra Limited held today i.e. Wednesday, 21st October, 2026.

Date: October 21, 2026 Listing Department Bombay Stock Exchange Ltd. Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400 001 Reference: ISIN - INE898E01011; Scrip Code- 517320; Symbol- MAGNUS Subject: Outcome of the Meeting of the Rights Issue Committee of Magnus Steel and Infra Limited held today i.e. Wednesday, 21st October, 2026. Respected Sir/ Ma’am, This is in furtherance to our intimation on the Outcome of the meeting of the Board of Directors of the Company held on Wednesday, July 15, 2026 where the issue of fully paid-up Equity Shares of Rs. 10.00/- was approved by way of a rights issue for an amount of not exceeding Rs. 40,00,00,000/- (Rupees Forty Crores Only) in accordance with the Companies Act, 2013 and the rules made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015, as amended and other applicable laws. Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 20I5, this is to inform you that the Right Issue Committee of the Company at their meeting held on Wednesday, October 21, 2026 at 04:30 P.M. at the registered office of the Company situated at Unit no 365, Shirshagaon, Niphad, Nashik, Maharashtra, 422001, have discussed and approved the following business: I) Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015: Pursuant to the above, we wish to inform that the Right Issue Committee at its meeting held today, have, inter alia, considered and approved the following terms of the Rights Issue. S.no Particulars Details 1 Type of securities proposed Fully paid-up Equity Shares to be issued (“Rights Equity Shares”) 2 Type of Issuance Rights Issue of Fully Paid-Up Equity Shares 3 Total number of securities 3,98,87,540* Fully Paid-Up Equity Shares of face proposed to be issued value of Rs. 10.00/- each at Rs.10.00/- for an amount aggregating of Rs. 39,88,75,400/-. * Fractional shares are ignored in calculation of Fully Paid-Up Equity Shares proposed to be issued. 4 Issue Price Rs.10.00/- per share 5 Record Date Tuesday, October 27, 2026 for the purpose of determining the shareholders entitled for Rights Issue (“Eligible Equity Shareholders”) 6 Right Issue Period Right Issue Thursday, November Opening Date 12, 2026 *Last Date for on Market Wednesday, Renunciation of Rights November 25, 2026 Entitlement **Right Issue Tuesday, December Closing Date 01, 2026 *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. **Our Board or a duly authorized Right Issue committee thereof will have the right to extend the Issue period as it may determine from time to time, provided that this Issue will not remain open in excess of 30 days from the Issue Opening Date (inclusive of the Issue Opening Date). Further, no withdrawal of Application shall be permitted by any Applicant after the Issue Closing Date 7 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. 8 Outstanding Equity Shares 33,80,300 Equity shares of Rs. 10.00/- each prior to the Rights Issue 9 Outstanding Equity Shares 4,32,67,840 Equity shares of Rs. 10.00/- each post Right Issue (assuming full subscription) 10 Terms of Payment Amount Face Premium Total Payable Value Per Rights Equity Share On Rs.10.00/- - Rs.10.00/- Application One or more subsequent Call(s) as - - - determined by our Board at its sole discretion, from time to time Total Rs.10.00/- - Rs.10.00/- 11 Other Terms of the Issue To be included in the letter of offer to be filed by the Company. The detailed terms of the Rights Issue including the procedure for applying in the Rights Issue and fractional entitlements will be specified in the Letter of Offer which will be filed by the Company with BSE Limited (“BSE”), and with Securities and Exchange Board of India (“SEBI”) for record purpose only. II) Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015 and Regulation 68 of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018: In relation to the Rights Issue and in accordance with Regulations 42 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015,as amended and Regulation 68 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the Board of Directors at its meeting held today has fixed Tuesday, October 27, 2026 as the record date for the purpose of determining the equity shareholders who shall be entitled to receive the Rights Entitlement in the Rights Issue. Further, in terms of SEBI Master Circular bearing number SEBI/HO/CFD/PoD1/P/CIR/2024/0154 dated November 11, 2024, the Company has made necessary arrangement with NSDL and CDSL for the credits of the Rights Entitlements in dematerialized form in the demat account of the eligible equity shareholders as on the Record Date. The Rights Entitlement of the eligible equity shareholders as on the Record Date, shall be credited prior to the issue opening date, in the respective demat account of the eligible equity shareholders. The Rights Issue Committee of the Company 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 of the Company commenced at 4.30 P.M. and concluded at 05.30 P.M The said notice will be accessed on the website of the Company and the Stock Exchange. You are requested to please take the same in your record. Thanking You, Yours Faithfully, For Magnus Steel and Infra Limited, (Formerly known as Magnus Retail Limited) Mr. Karronn Bajaj Chairman Right Issue Committee