Man Infraconstruction Limited has informed the Exchange regarding Notice of Postal Ballot dated May 13, 2026 and e-voting Instructions
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Man Infraconstruction Limited has issued a postal ballot notice seeking shareholder approval for 12 Material Related Party Transactions. The company is asking shareholders to approve transactions with its subsidiaries and associates including MICL Developers LLP (Rs. 570 Crores), Man Aaradhya Infraconstruction LLP (Rs. 1,145 Crores), Shreepati Zaoba Housing LLP (Rs. 820 Crores), Royal Netra Constructions (Rs. 270 Crores), Arhan Homes LLP (Rs. 270 Crores), and several others totaling over Rs. 4,000 Crores in aggregate. All transactions must be conducted at arm's length and in ordinary course of business. The e-voting period runs from May 24, 2026 to June 22, 2026, with results to be communicated along with the Scrutinizer's report.
Shareholders should carefully review the terms as these large related party transactions with subsidiaries and associates could impact minority shareholder interests. The substantial total value of transactions approved by Audit Committee and Board requires careful monitoring for fairness and potential conflicts of interest.