Man Infraconstruction Limited has informed the Exchange regarding Notice of Postal Ballot
MANINFRA · price
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Man Infraconstruction Limited has issued a Postal Ballot Notice to shareholders seeking approval for entering into material related party transactions with three group entities: Shreepati Zaoba Housing LLP, Shreepati Skies (R R Chaturvedi), and Man Aaradhya Infraconstruction LLP. The proposed transactions include sale/purchase of goods (Rs. 5 Cr each), leasing of fixed assets (Rs. 10 Cr each), capital contributions and loans (Rs. 100–150 Cr each), construction contracts/PMC agreements (Rs. 150–200 Cr each), and bank/corporate guarantees (Rs. 200–350 Cr each). The transactions are part of the company's ordinary course of business between the company, its subsidiaries, and SPVs, and have been approved by the Audit Committee and Board. The e-voting window runs from August 27, 2025 to September 25, 2025, with results to be declared within two working days after the e-voting ends. Related parties are not permitted to vote on this resolution.
Shareholders are being asked to approve large inter-group transactions that form part of the company's regular business, particularly significant corporate guarantees (up to Rs. 350 Cr with one related party). The outcome may affect confidence in the stock depending on shareholder view of related party exposure, but these are recurring operational transactions typical of the company's group structure.