Man Infraconstruction Limited has informed the Exchange regarding a press release dated April 29, 2026, titled "Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith Press Release titled MICL GROUP S ENTITY MAN AARADHYA INFRACONSTRUCTION LLP ACQUIRES PROJECT IN SOUTH MUMBAI WITH SALES POTENTIAL OF Rs. 2,000 + CRORES ".
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On the reaction day the stock moved 2.3 pts more than Nifty Microcap 250 and 2.1 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Man Infraconstruction Limited, through its entity Man Aaradhya Infraconstruction LLP (in which it holds ~50.5% equity stake), has acquired development rights of Tardeo Court CHS & Tardeo Apartments CHS and outright purchase of Sethna House at Tardeo in South Mumbai under the Cluster Redevelopment scheme 33(9). The project, named 'Tardeo 2.0', covers approximately 46,000+ sq. ft. of plot area along South Mumbai's Billionaires' address. Estimated sales potential exceeds Rs. 2,000 crore over 4-5 years. This is MICL Group's third South Mumbai residential project, alongside Aaradhya Avaan and Marine Lines development, with combined sales potential exceeding Rs. 8,000 crores.
Positive development for shareholders as the acquisition expands MICL Group's ultra-luxury residential portfolio in prime South Mumbai real estate with significant sales potential. The company's ~50.5% stake in the LLP keeps risk partially shared.