Man Industries (India) Limited has informed the Exchange regarding Outcome of Board Meeting held on April 22, 2026.

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Price reactionminutes from the announcement price · days from the prior close

-2.0%Reaction day

₹555.50

prior close

₹560.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%-1.8% vs market

Iron & Steel Products peers, median of 100sector-0.6%-1.4% vs sector

On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250 and 1.4 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.1

10m

-0.5

15m

-1.1

30m

-1.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.0-0.2-1.8-0.6-1.4

Next day

-1.3-1.6+0.4-1.2-0.1

+0.5+0.7-0.3-0.1+0.5

-3.9+0.6-4.4+0.6-4.4

-5.7+0.6-6.3+0.5-6.2

-4.6+0.2-4.8+0.5-5.1

-4.6+1.6-6.2+0.1-4.7

15d

+0.6+0.7-0.0-1.8+2.4

+0.3+3.1-2.9+0.4-0.1

+6.8+9.7-3.0+1.1+5.7

-4.5+8.3-12.9-1.7-2.8

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 100Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Man Industries' board has approved issuance of a USD 70 million corporate guarantee in favor of lenders of its wholly owned subsidiary Man International Steel Industries Company (MISIC). The guarantee is to support MISIC's business expansion in Saudi Arabia. The company states the guarantee will be treated as a contingent liability and currently has no impact on Man Industries. MISIC is expanding its operations, and this guarantee enables the subsidiary to secure financing from lenders.

Likely market impact

While classified as contingent liability with no immediate impact, the USD 70 million guarantee represents a significant off-balance sheet obligation that increases financial exposure for Man Industries shareholders.