Man Industries (India) Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32

MANINDS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-7.7%1-day move

₹526.10

prior close

₹529.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.0-0.3-1.2-1.5-7.7-4.8-5.9-7.4+1.9-1.7+12.0+9.7——

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AI summary

Man Industries has filed a compliance statement confirming no deviation in utilisation of funds raised through two preferential issues. The first was an issue of 12,19,512 convertible warrants to promoters raised on August 2, 2025, for Rs. 10 crore (approx), fully utilised for general corporate purposes. The second was an issue of 77,74,383 equity shares to non-promoters raised on July 28, 2025, for Rs. 255 crore (approx), with funds used for working capital requirements (Rs. 130 crore), business expansion (Rs. 70.27 crore), and general corporate purposes (Rs. 21 crore). CRISIL Ratings monitored the equity share issue. Both allocations were fully utilised with no deviations reported.

Likely market impact

No negative implications for shareholders as the company has confirmed proper utilisation of funds as per stated objects, with no deviations or variations in either preferential issue.